GBPUSD Daily Analysis – March 27, 2014

GBPUSD broke above the upper line of the price channel on 4-hour chart, indicating that the downtrend from 1.6785 had completed at 1.6465 already. Further rally could be expected over the next several days, and next target would be at 1.6700 area. Support is at 1.6465, only break below this level could trigger another all towards 1.6000.

gbpusd chart