GBPUSD Daily Analysis – April 29, 2020

GBPUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.2246. As long as the trend line support holds, the uptrend could be expected to continue and next target would be at 1.2600 area. On the downside, a breakdown below the trend line support would indicate that the uptrend is complete, then another fall towards 1.2000 could be seen.

GBPUSD 4-hour chart