GBPUSD Daily Analysis – September 26, 2018

GBPUSD remains in the downtrend from 1.3298, the bounce from 1.3054 is likely corrective consolidation for the downtrend. Near term resistance is at 1.3200, as long as this level holds, another fall could be expected after the correction and a breakdown below 1.3054 support could trigger further downside movement towards 1.2750 area.

GBPUSD 4-hour chart