GBPUSD Daily Analysis – September 26, 2019

GBPUSD broke below 1.2392 support, suggesting that the upside movement from 1.1958 had completed at 1.2581 already. Deeper decline would likely be seen and next target would be at 1.2260 area. Resistance is at the bearish trend line on the 4-hour chart, only break above the trend line resistance could trigger another rise towards 1.2600.

GBPUSD 4-hour chart