GBPUSD Daily Analysis – May 28, 2019

GBPUSD is in consolidation for the downtrend from 1.3176. Range trading between 1.2604 and 1.2813 is possible over the next several days. As long as 1.2813 resistance holds, the downtrend could be expected to resume and further decline towards 1.2500 could be expected after the consolidation.

GBPUSD 4-hour chart