GBPUSD Daily Analysis – February 26, 2018

GBPUSD is facing 1.4025 resistance. A breakout of this level would indicate that the short term downtrend from 1.4144 had completed at 1.3856 already, then further rise towards 1.4144 resistance could be seen. On the downside, as long as 1.4025 resistance holds, the rise from 1.3856 could be treated as consolidation for the short term downtrend, and deeper decline to test 1.3764 support is still possible after the consolidation.

GBPUSD 4-hour chart