GBPUSD Daily Analysis – April 10, 2020

GBPUSD broke above the top of the falling price channel on the 4-hour chart, suggesting that the upside movement from 1.1409 has resumed. Further rise would likely be seen and next target would be at 1.2800 area. Near term support is at 1.2355, a breakdown below this level could trigger another fall towards 1.2100.

GBPUSD 4-hour chart