GBPUSD Daily Analysis – April 11, 2019

GBPUSD formed a triangle pattern on the 4-hour chart. The triangle pattern is likely consolidation for the uptrend from 1.2396 (Jan 3 low), a breakout of the upper border of the pattern could take the price to 1.3400 area. On the downside, a breakdown below 1.2960 support could trigger further downside movement towards 1.2800.

GBPUSD 4-hour chart