GBPUSD Daily Analysis – March 9, 2020

GBPUSD extended its upside movement from 1.2725 to as high as 1.3124. Further rally is still possible after a minor consolidation and next target would be at 1.3200 area. Near term support is at 1.3040, a breakdown below this level could bring the price back to 1.2950 area.

GBPUSD 4-hour chart