GBPUSD Daily Analysis – February 20, 2020

GBPUSD extended its downside movement from 1.3069 to as low as 1.2907, facing the support level at 1.2871, a breakdown below this level would aim 1.2800 area. Resistance is at 1.2960, only break above this level could bring the price back towards 1.3050.

GBPUSD 4-hour chart