GBPUSD Daily Analysis – May 13, 2019

GBPUSD remains in the downtrend from 1.3176, the bounce from 1.2967 is likely consolidation for the downtrend. Further decline could be expected after the consolidation, a breakdown below1.2967 support could trigger another fall towards 1.2900. Resistance is at 1.3050, only break above this level could bring the price back to 1.3100 zone.

GBPUSD 4-hour chart