GBPUSD Daily Analysis – March 10, 2020

GBPUSD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.2725. As long as the channel support holds, the upside movement could be expected to continue and next target would be at 1.3300 area. Key support is at 1.3030, a breakdown below this level would indicate that the upside movement had completed at 1.3199 already, then deeper decline to 1.2900 area could be seen.

GBPUSD 4-hour chart