GBPUSD Daily Analysis – March 27, 2019

GBPUSD broke above the bearish trend line on the 4-hour chart, suggesting that the downside movement from 1.3381 had completed at 1.3003 already. Further rally could be expected in the coming days and next target would be at 1.3350 area. Near term support is at 1.3140, below this level could bring the price back to 1.3050 area.

GBPUSD 4-hour chart