GBPUSD Daily Analysis – April 6, 2020

GBPUSD broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 1.1409 had completed at 1.2485 already. Further decline would likely be seen in the coming days and next target would be at 1.1900 area. Resistance is at 1.2485, only break above this level could trigger another rise towards 1.2800.

GBPUSD 4-hour chart