GBPUSD Daily Analysis – February 13, 2018

GBPUSD remains in the downtrend from 1.4345. Further decline is still possible after a minor consolidation and next target would be at 1.3670 area. Resistance levels are at 1.3900 and 1.4066, only break above these levels could signal completion of the downtrend.

GBPUSD 4-hour chart