GBPUSD Daily Analysis – February 7, 2020

GBPUSD’s downside movement from 1.3209 extended to as low as 1.2920. Further decline would likely be seen in the coming days and next target would be at 1.2800 area. Near term resistance is at 1.3000, a break of this level could bring the price back to 1.3150 area.

GBPUSD 4-hour chart