GBPUSD Weekly Analysis – December 1, 2018

GBPUSD is facing 1.2661 support, a breakdown below this level could signal resumption of the downtrend from 1.4376, then further decline towards 1.2300 could be seen. Near term resistance is at 1.2940, a break of this level could bring the price back towards 1.3298 resistance.

GBPUSD daily chart