GBPUSD Daily Analysis – March 6, 2019

GBPUSD’s fall from 1.3350 extended to as low as 1.3097. Further decline is still possible after a minor consolidation and next target would be at 1.3040 area. Resistance is at 1.3200, only break above this level could bring the price back to 1.3280 area.

GBPUSD 4-hour chart