GBPUSD Weekly Analysis – October 7, 2018

GBPUSD remains in the uptrend from 1.2661, the pullback from 1.3298 is likely consolidation for the uptrend. Another rise could be expected after the consolidation and next target would be at 1.3500 area. Near term support is at 1.2910, followed by 1.1850, only break below these levels could signal completion of the uptrend.

GBPUSD daily chart