GBPUSD Daily Analysis – October 24, 2017

GBPUSD is facing 1.3228 resistance, above this level will indicate that the downside movement from 1.3337 had completed at 1.3087 already. Then further rally could be seen and next target would be at 1.3337 resistance. However, as long as 1.3228 resistance holds, the downtrend from 1.3337 could be expected to continue and deeper decline towards the major support trend line on the daily chart is possible.

GBPUSD 4-hour chart