GBPUSD Daily Analysis – April 27, 2018

GBPUSD remains in the downtrend from 1.4376. As long as 1.4000 resistance holds, the downside movement could be expected to continue and next target would be at 1.3800 area. Key resistance is at 1.4030, only a breakout of this level could signal completion of the downtrend.

GBPUSD 4-hour chart