GBPUSD Daily Analysis – April 17, 2020

GBPUSD’s downside movement from 1.2647 extended to as low as 1.2407. Further decline could be expected in the coming days and next target would be at 1.2300 area. Near term resistance is at 1.2575, only break above this level could trigger another rise to 1.2800 zone.

GBPUSD 4-hour chart