GBPUSD Daily Analysis – May 12, 2020

GBPUSD is facing 1.2265 support, a breakdown below this level could signal resumption of the downtrend from 1.2642, then next target would be at 1.2100 area. Resistance is at 1.2466, a breakout of this level could trigger another rise towards 1.2600.

GBPUSD 4-hour chart