GBPUSD Daily Analysis – February 17, 2020

GBPUSD extended its upside movement from 1.2871 to as high as 1.3069. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.3150 area, only break below the trend line support could trigger another fall towards 1.2800.

GBPUSD 4-hour chart