GBPUSD’s downside movement from 1.3209 extended to as low as 1.2871. Further decline would likely be seen 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 1.3020, followed by 1.3150.
![GBPUSD 4-hour chart](https://www.forexcycle.com/wp-content/uploads/2020/20200211_GBPUSD_1.png)