GBPUSD Daily Analysis – April 18, 2018

GBPUSD remains in the uptrend from 1.3965, the fall from 1.4376 is likely consolidation for the uptrend. Key support is at 1.4220. As long as this level holds, the uptrend could be expected to continue and next target would be at 1.4500 area. Only a breakdown below 1.4220 support could signal completion of the uptrend.

GBPUSD 4-hour chart