GBPUSD Daily Analysis – April 24, 2019

GBPUSD’s downside movement from 1.3132 extended to as low as 1.2921. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next target would be at 1.2850 area. Only break above the trend line resistance could signal completion of the downtrend.

GBPUSD 4-hour chart