GBPUSD Daily Analysis – August 12, 2019

GBPUSD broke below 1.2077 support and extended its downside movement from 1.2578 to as low as 1.2014. Further decline is still possible and next target would be at 1.1900 area. Near term resistance is at 1.2080, above this level could trigger another rise towards 1.2250.

GBPUSD 4-hour chart