GBPUSD Daily Analysis – February 12, 2019

GBPUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.3217. Further decline is still possible in a couple of days and next target would be at 1.2750 area. Key resistance is at 1.2996, only break above this level could signal completion of the downtrend.

GBPUSD 4-hour chart