GBPUSD Daily Analysis – April 3, 2020

GBPUSD continued its sideways movement in a trading range between 1.2243 and 1.2485. The price action in the range is likely consolidation for the uptrend from 1.1409 and further rise to 1.2800 area is possible after the consolidation. Support is located at the rising trend line on the 4-hour chart, only a clear break below the trend line support could signal completion of the uptrend.

GBPUSD 4-hour chart