GBPUSD Daily Analysis – March 18, 2020

GBPUSD extended its downside movement from 1.3199 to as low as 1.2001. Further decline is still possible after a minor consolidation and next target would be at 1.1900 area. Near term resistance is at 1.2200, only break above this level could bring the price back to 1.2450 zone.

GBPUSD 4-hour chart