GBPUSD Daily Analysis – April 17, 2018

GBPUSD extended its upside movement from 1.3965 to as high as 1.4354. Further rise is still possible after a minor consolidation and next target would be at 1.4500 area. Key support is now at 1.4220, only a breakdown below this level could signal completion of the uptrend.

GBPUSD 4-hour chart