GBPUSD Daily Analysis – February 20, 2019

GBPUSD broke above 1.2996 resistance, suggesting that the downside movement from 1.3217 had completed at 1.2772 already. Further rally would likely be seen and next target would be at 1.3200 area. Near term support is at 1.3000, below this level could bring the price back to 1.2900 zone.

GBPUSD 4-hour chart