GBPUSD Daily Analysis – April 2, 2018

GBPUSD broke below the bottom of the price channel on the 4-hour chart and is now in the downtrend from 1.4244. Further decline could be expected in a couple of days and next target would be at 1.3889. Resistance is at 1.4140, only break above this level could trigger another rise towards 1.4345 (Jan 25 high).

GBPUSD 4-hour chart