GBPUSD Daily Analysis – March 8, 2019

GBPUSD’s downside movement from 1.3350 extended to as low as 1.3067. Key resistance is now at 1.3184. As long as this level holds, the downside movement could be expected to continue and next target would be at 1.2950 area. Only a break of 1.3184 resistance could signal completion of the downtrend.

GBPUSD 4-hour chart