Analysis


GBPUSD Daily Analysis

GBPUSD broke above 1.3043 resistance, suggesting that the upside movement from 1.2661 has resumed. Further rise could be expected in a couple of days and next target would be at 1.3200 area. Near term support is at 1.2896 and the key support is located at the bullish trend line on the 4-hour chart, only a breakdown below the trend line support could signal completion of the uptrend.