GBPUSD Daily Analysis – March 19, 2020

GBPUSD continued its downside movement from 1.3199 and the fall extended to as low as 1.1451. Further decline would likely be seen and next target would be at 1.1300 area. Near term resistance is at 1.1850, a break of this level could bring the price back to 1.2100 area.

GBPUSD 4-hour chart