GBPUSD Daily Analysis – April 26, 2019

GBPUSD’s downside movement from 1.3132 extended to as low as 1.2865. Further decline is still possible after a minor consolidation and next target would be at 1.2800 area. Resistance is located at the bearish trend line on the 4-hour chart, only a clear break above the trend line could signal completion of the downtrend.

GBPUSD 4-hour chart