GBPUSD Daily Analysis – February 28, 2020

GBPUSD is facing 1.2848 support, a breakdown below this level would confirm that the downtrend from 1.3209 has resumed, then next target would be at 1.2750 area. Near term resistance is at 1.2950, only break above this level could trigger another rise towards 1.3150.

GBPUSD 4-hour chart