GBPUSD Daily Analysis – April 22, 2020

GBPUSD extended its downside movement from 1.2647 to as low as 1.2246. Further decline is still possible after a minor consolidation and next target would be at 1.2164 support. Near term resistance is at 1.2335, a break of this level could bring the price back to 1.2400 area.

GBPUSD 4-hour chart