GBPUSD Daily Analysis – October 8, 2019

GBPUSD is facing 1.2260 support, a breakdown below this level could trigger another downside movement towards 1.2000. On the upside, as long as 1.2260 support holds, the fall from 1.2413 could be treated as consolidation for the uptrend from 1.2205, further rise to 1.2450 area is still possible after the consolidation.

GBPUSD 4-hour chart