GBPUSD Daily Analysis – March 21, 2019

GBPUSD broke below 1.3184 support, suggesting that the upside movement from 1.2960 had completed at 1.3381 already. Further decline could be expected in a couple of days and next target would be at 1.3000 area. Resistance is at the bearish trend line on the 4-hour chart, only a break of the trend line resistance could signal completion of the downtrend.

GBPUSD 4-hour chart