GBPUSD Daily Analysis – February 18, 2020

GBPUSD broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 1.2871 had completed at 1.3069 already. Further decline would likely be seen and next target would be at 1.2871 support. Resistance is at 1.3069, a break of this level could trigger another rise towards 1.3200.