GBPUSD Daily Analysis – February 11, 2020

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