GBPUSD Daily Analysis – March 1, 2018

GBPUSD continued its downside movement from 1.4144 and the fall extended to as low as 1.3742, breaking below 1.3764 major support. Further decline could be expected over the next several days and next target would be at 1.3450 – 1.3500 area. Resistance levels are at 1.3800 and 1.3840, only break above these levels could take price back towards 1.4000.

GBPUSD 4-hour chart