GBPUSD Daily Analysis – February 4, 2020

GBPUSD is facing 1.2954 support once again. A breakdown below this level would indicate that the downtrend from 1.3514 has resumed, then further decline towards 1.2750 could be seen. Near term resistance is at 1.3030, above this level could trigger another rise to 1.3150 area.

GBPUSD 4-hour chart