GBPUSD Daily Analysis – May 8, 2019

GBPUSD is facing the support of the bullish trend line on the 4-hour chart. As long as the trend line support holds, the fall from 1.3176 could be treated as consolidation for the uptrend, another rise towards 1.3300 could be expected after the consolidation. Only a clear break below the trend line support could signal completion of the uptrend.

GBPUSD 4-hour chart