GBPUSD Daily Analysis – May 21, 2020

GBPUSD is now in the uptrend from 1.2073, the pullback from 1.2296 is likely corrective consolidation for the uptrend. Further rally could be expected and next target would be at 1.2450 area. Support is at 1.2073, only break below this level could trigger another fall towards 1.1900.

GBPUSD 4-hour chart