GBPUSD Daily Analysis – April 16, 2018

GBPUSD extended its upside movement from 1.3965 to as high as 1.4296, breaking above 1.4244 resistance. Further rise is still possible after a minor consolidation and next target would be at 1.4350 area. The key support is at 1.4144, only a breakdown below this level could signal completion of the uptrend.

GBPUSD 4-hour chart