GBPUSD Daily Analysis – March 26, 2020

GBPUSD broke above 1.1933 resistance. Further rally is still possible and next target would be at 1.2250 area. However, as long as 1.2250 resistance holds, the downside movement could be expected to resume, and a breakdown below 1.1635 support could trigger another fall towards 1.1400.

GBPUSD 4-hour chart