GBPUSD Daily Analysis – March 23, 2020

GBPUSD is in consolidation for the downtrend from 1.3199. Range trading between 1.1409 and 1.2250 would likely be seen in a couple of days. As long as 1.2250 resistance holds, the downtrend trend could be expected to resume, and further decline to 1.1200 is possible after the consolidation.

GBPUSD 4-hour chart