GBPUSD Daily Analysis – May 22, 2020

GBPUSD broke above the falling trend line on the 4-hour chart and is now in the uptrend from 1.2073. Further rally would likely be seen 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