GBPUSD Daily Analysis – March 20, 2019

GBPUSD remains in the uptrend from 1.2960, the fall from 1.3381 is likely consolidation for the uptrend. Support is at 1.3184, as long as this level holds, another rise towards 1.3500 could be expected after the consolidation. On the downside, a breakdown below 1.3184 support would indicate that the upside movement had completed at 1.3381 already, then deeper decline towards 1.3000 could be seen.

GBPUSD 4-hour chart