GBPUSD’s bullish movement from 1.3458 extended to as high as 1.4002. Further rise is still possible after a minor consolidation and next target would be at 1.4200 area. Near term support is located at the bullish trend line on the 4-hour chart now at around 1.3880 and the key support is now at 1.3838, only a breakdown below these levels could indicate that the upside movement is complete, then the following correction pullback could bring price back to 1.3550 area.
