GBPUSD Weekly Analysis – August 25, 2019

GBPUSD stays in a falling price channel on the daily chart and remains in the downtrend from 1.3381. As long as the channel resistance holds, the downside movement could be expected to continue and next target would be at 1.1900 area, only break above the channel resistance could signal completion of the downtrend.

GBPUSD daily chart