GBPUSD Daily Analysis – April 20, 2018

GBPUSD dropped sharply from 1.4376 to as low as 1.4068. Deeper decline is possible and next target would be at the bottom of the price channel on the 4-hour chart. A breakdown below the channel support would aim 1.3965 key support. Near-term resistance is at 1.4180, only a break of this level could signal completion of the downtrend.

GBPUSD 4-hour chart