GBPUSD Daily Analysis – March 2, 2018

GBPUSD extended its downside movement from 1.4144 to as low as 1.3711. Further decline is still possible after a minor consolidation and next target would be at 1.3500. Resistance is at 1.3840, a break of this level could bring price back to 1.3900, followed by 1.4000.

GBPUSD 4-hour chart