GBPUSD Daily Analysis – March 21, 2018

GBPUSD stays above a bullish trend line on its 4-hour chart and remains in the uptrend from 1.3711. As long as the price is above the trend line, the pullback from 1.4088 could be treated as consolidation of the uptrend and another rise to 1.4200 area is possible after the consolidation. On the downside, a breakdown below the trend line support would indicate that the upside movement had completed at 1.4088 already, then further decline towards 1.3711 could be seen.

GBPUSD 4-hour chart