GBPUSD Daily Analysis – August 21, 2018

GBPUSD is facing 1.2827 resistance, a break of this level would indicate that the downside movement from 1.3213 had completed at 1.26661 already, then the pair would find resistance at the falling trend line on the 4-hour chart. Support is at 1.1661, only a breakdown below this level could trigger another fall towards 1.2600.

GBPUSD 4-hour chart