GBPUSD Daily Analysis – October 22, 2018

GBPUSD extended its downside movement from 1.3257 to as low as 1.3011. Further decline is still possible after a minor consolidation and next target would be at 1.2950 area. Resistance is at 1.3100, only a breakout of this level could bring the price back towards 1.3200.

GBPUSD 4-hour chart