GBPUSD Weekly Analysis – December 9, 2018

GBPUSD is testing 1.2661 support, below this level would indicate that the downside movement from 1.4376 has resumed, then further decline towards 1.2300 could be seen. Near term resistance is at 1.2940, a break of this level could trigger another rise towards 1.3300.

GBPUSD daily chart