GBPUSD Daily Analysis – March 18, 2019

GBPUSD is in the short term downtrend from 1.3381, the bounce from 1.3202 is likely correction for the downtrend. Deeper decline would likely be seen and next target would be at 1.3100 area. Resistance is at 1.3381, above this level could trigger another bullish move towards 1.3500.

GBPUSD 4-hour chart