GBPUSD Daily Analysis – October 2, 2018

GBPUSD remains in the downtrend from 1.3298, the bounce from 1.3000 is likely consolidation for the downtrend. Further decline is still possible after the consolidation and next target would be at 1.2900 area. Near term resistance is at 1.3115, only a breakout of this level could bring the price back into 1.3200 zone.

GBPUSD 4-hour chart