GBPUSD Daily Analysis – February 27, 2019

GBPUSD extended its upside movement from 1.2772 to as high as 1.3287, breaking above 1.3217 resistance. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.3400 area. Near term support is at 1.3190, a breakdown below this level could bring the price back towards the trend line.

GBPUSD 4-hour chart