GBPUSD Daily Analysis – March 5, 2019

GBPUSD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 1.2772 had completed at 1.3350 already. Further decline could be expected in the coming days and next target would be at 1.3040 area. Resistance is at 1.3250, only break above this level could trigger another rise towards 1.3450.

GBPUSD 4-hour chart