GBPUSD Weekly Analysis – March 22, 2020

GBPUSD broke below 1.1958 support and extended its downside movement from 1.3514 to as low as 1.1409. Further decline would likely be seen after a minor consolidation and next target would be at 1.0600 area. Near term resistance is at 1.1950, above this level could bring the price back towards 1.2200.

GBPUSD daily chart