GBPUSD Daily Analysis – September 25, 2018

GBPUSD is now in downtrend from 1.3298, the bounce from 1.3054 is likely correction for the downtrend. Another fall could be expected and a breakdown below 1.3054 support could trigger further downside movement towards 1.2750 area. Resistance is at 1.3170, only a break of this level could bring the price back towards 1.3298 resistance.

GBPUSD 4-hour chart