GBPUSD Daily Analysis – February 5, 2020

GBPUSD broke below 1.2954 support, suggesting that the downtrend from 1.3514 has resumed. Further decline could be expected in the coming days, and next target would be at 1.2850 area. Resistance is at 1.3050, above this level could trigger another rise towards 1.3150.

GBPUSD 4-hour chart