GBPUSD Daily Analysis – February 24, 2020

GBPUSD broke above the falling price channel on the 4-hour chart, suggesting that the downside movement from 1.3069 had completed at 1.2848 already. Further rally would likely be seen and next target would be at 1.3040 area. Support is at 1.2910, a breakdown below this level could trigger another fall towards 1.2800.

GBPUSD 4-hour chart