GBPUSD Daily Analysis – March 20, 2018

GBPUSD extended its upside movement from 1.3711 to as high as 1.4088, breaking above 1.4069 resistance. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.4200 area. Near term support is at 1.3980, a breakdown below this level could bring price back towards the bullish trend line. Only a clear break below the trend line support could signal completion of the uptrend.

GBPUSD 4-hour chart