GBPUSD Weekly Analysis – November 17, 2018

GBPUSD is facing 1.2695 support, a breakdown below this level could indicate that the downside movement from 1.4376 has resumed, then further decline towards 1.2300 area could be seen. Near term resistance is at 1.2900, a break of this level could trigger another rise towards 1.3300.

GBPUSD daily chart