GBPUSD Daily Analysis – April 30, 2020

GBPUSD remains in the uptrend from 1.2246. As long as the price is above the rising trend line on the 4-hour chart, the pullback from 1.2517 could be treated as consolidation for the uptrend, and further rise towards 1.2600 is possible after the consolidation. On the downside, a breakdown below the trend line would indicate that the upside movement had completed at 1.2517 already, then another fall towards 1.2000 could be seen.

GBPUSD 4-hour chart