GBPUSD Daily Analysis – October 23, 2018

GBPUSD’s downside movement from 1.3257 extended to as low as 1.2956. Further decline to test 1.2921 support is possible, below this level would aim 1.2850 area. Resistance is at 1.3055, only a break of this level could bring the price back to1.3130 area.

GBPUSD 4-hour chart