GBPUSD Daily Analysis – February 10, 2020

GBPUSD extended its downside movement from 1.3209 to as low as 1.2881. Further decline is still possible after a minor consolidation and next target would be at 1.2800 area. Near term resistance is at 1.2960, a break of this level could bring the price back to 1.3150 area.

GBPUSD 4-hour chart