GBPUSD Weekly Analysis – April 28, 2019

GBPUSD broke below 1.2960 support, suggesting that the upside movement from 1.2396 had completed at 1.3381 already. Further decline could be expected in a couple of weeks and next target would be at 1.2600 area. Resistance is located at the falling trend line on the daily chart, only break above the trend line resistance could bring the price back to 1.3200 area.

GBPUSD daily chart