GBPUSD Daily Analysis – October 19, 2018

GBPUSD broke below 1.3082 support and extended its downside movement from 1.3257 to as low as 1.3014. Further decline is still possible after a minor consolidation and next target would be at 1.2950 area. Resistance is at 1.3090, only a break of this level could bring the price back towards 1.3200.

GBPUSD 4-hour chart