GBPUSD Weekly Analysis – November 24, 2018

GBPUSD moved sideways in a trading range between 1.2661 and 1.3298. The sideways movement is likely consolidation for the downtrend from 1.4376, a breakdown below 1.2661 support could trigger further downside movement towards 1.2300. Near term resistance is at 1.2950, above this level could bring the price back towards 1.3298 resistance.

GBPUSD daily chart