GBPUSD Daily Analysis – March 27, 2020

GBPUSD extended its upside movement from 1.1409 to as high as 1.2228. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue, and next target would be at 1.2400 area. Near term support is at 1.2000, a breakdown below this level could bring the price back towards the trend line.