GBPUSD Daily Analysis – October 12, 2016

GBPUSD is now in uptrend from 1.1946, the fall from 1.2477 is likely correction of the uptrend. Further rally could be expected after correction, and next target would be at 1.2800 area. Key support at 1.1946, only break below this level could trigger another fall towards 1.1500.

gbpusd chart