GBPUSD Daily Analysis – April 20, 2020

GBPUSD remains in the downtrend from 1.2647, further decline would likely be seen in a couple of 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