GBPUSD Daily Analysis – April 28, 2020

GBPUSD extended its upside movement from 1.2246 to as high as 1.2454. Further rise would likely be seen in the coming days and next target would be at 1.2550 area. Support is located at the rising trend line on the 4-hour chart, only break below the trend line support could trigger another fall towards 1.2000.

GBPUSD 4-hour chart