GBPUSD Daily Analysis – February 14, 2020

GBPUSD broke above the falling price channel on the 4-hour chart, suggesting that the downside movement from 1.3209 had completed at 1.2871 already. Further rally would likely be seen and next target would be at 1.3150 area. Near term support is at 1.2970, a breakdown below this level could trigger another fall towards 1.2800.

GBPUSD 4-hour chart