GBPUSD Daily Analysis – March 12, 2019

GBPUSD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 1.3350 had completed at 1.2960 already. Further rise could be expected after consolidation and next target would be at 1.3350 area. Near term support is at 1.3140, as long as this level holds, the uptrend will continue.

GBPUSD 4-hour chart