GBPUSD Daily Analysis – May 10, 2019

GBPUSD extended its downside movement from 1.3176 to as low as 1.2967. Further decline could be expected after a minor consolidation and next target would be at 1.2900 area. Near term resistance is at 1.3050, a break of this level could trigger another rise towards 1.3170.

GBPUSD 4-hour chart