GBPUSD Daily Analysis – March 9, 2018

GBPUSD broke below a bullish trend line on its 4-hour chart, suggesting that the short term uptrend from 1.3711 had completed at 1.3929 already. Deeper decline to test 1.3711 support would likely be seen in the coming days, and a breakdown below this level could take price to next support level at 1.3500. Resistance is at 1.3929, only break above this level could trigger another rise to 1.4000 area.

GBPUSD 4-hour chart