GBPUSD Daily Analysis – March 30, 2020

GBPUSD extended its upside movement from 1.1409 to as high as 1.2485. Further rise would likely be seen after a minor consolidation and next target would be at 1.2600 area. Near term support is at 1.2280, a breakdown below this level could bring the price back towards the rising trend line on the 4-hour chart.

GBPUSD 4-hour chart