GBPUSD Daily Analysis – November 22, 2016

GBPUSD’s downward movement from 1.2673 had completed at 1.2302 already. Further rise to test 1.2673 resistance is possible in a couple of days, a break of this level will confirm that the uptrend from 1.1946 (Oct 7 low) has resumed, then next target would be at 1.2800 zone.

gbpusd chart