GBPUSD Daily Analysis – April 2, 2020

GBPUSD moved sideways in a trading range between 1.2243 and 1.2485. 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 1.2800 area. Near term support is at 1.2243, below this level could bring the price back towards the trendline.

GBPUSD 4-hour chart