GBPUSD Daily Analysis – May 15, 2019

GBPUSD stays below a bearish trend line on the 4-hour chart and remains in the downtrend from 1.3176. As long as the trend line resistance holds, 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