GBPUSD Daily Analysis – March 14, 2018

GBPUSD broke above 1.3929 resistance, suggesting that the uptrend from 1.3711 has resumed. Support is now located at the bullish trend line on the 4-hour chart. As long as the trend line support holds, the upside movement could be expected to continue and next target would be at 1.4069 resistance. Only a clear break below the trend line support could trigger another fall towards 1.3550.

GBPUSD 4-hour chart