GBPUSD Daily Analysis – February 15, 2019

GBPUSD extended its downside movement from 1.3217 to as low as 1.2772. Further decline could be expected in the coming days and next target would be at 1.2700 area. Near term resistance is at 1.2850, a break of this level could bring the price back towards 1.2996 key resistance.

GBPUSD 4-hour chart