GBPUSD Daily Analysis – April 23, 2019

GBPUSD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.3381. As long as the trend line resistance holds, the downside movement could be expected to continue and a breakdown below 1.2960 support could trigger further downside movement to 1.2800 area. Only a clear break above the trend line resistance could signal completion of the downtrend.

GBPUSD 4-hour chart