GBPUSD Weekly Analysis – February 16, 2019

GBPUSD’s downside movement from 1.3217 extended to as low as 1.2772. Further decline could be expected next week and next target would be at 1.2500 area. Near term resistance is at 1.2960, only a break of this level could bring the price back to 1.3050 area.

GBPUSD daily chart