GBPUSD Daily Analysis – April 24, 2020

GBPUSD broke above the falling price channel on the 4-hour chart, suggesting that the downside movement from 1.2647 had completed at 1.2246 already. Further rally would likely be seen in the coming days and next target would be at 1.2600 area. Support is at 1.2246, only break below this level could trigger another fall towards 1.2000.

GBPUSD 4-hour chart