GBPUSD Daily Analysis – February 26, 2019

GBPUSD broke above 1.3108 resistance, suggesting that the upside movement from 1.2772 has resumed. Further rise could be expected and next target would be at 1.3250 area. Support is located at the bullish trend line on the 4-hour chart, only a breakdown below the trend line support could bring the price back towards 1.2967 support.

GBPUSD 4-hour chart