GBPUSD Daily Analysis – May 1, 2018

GBPUSD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.4376. As long as the price is below the trend line, the downside movement could be expected to continue and next target would be at 1.3600 area. Only a clear break above the trend line resistance could signal completion of the downtrend.

GBPUSD 4-hour chart