GBPUSD Daily Analysis – April 14, 2020

GBPUSD extended its upside movement from 1.2164 to as high as 1.2558, breaking above 1.2485 resistance. Further rise would likely be seen and next target would be at 1.2700 area. Near term support is at 1.2425, a breakdown below this level could bring the price back to 1.2200 area.

GBPUSD 4-hour chart