GBPUSD Weekly Analysis – October 6, 2019

No changed in our view, GBPUSD remains in the uptrend from 1.1958, the fall from 1.2581 is likely corrective consolidation for the uptrend. Further rise could be expected after the consolidation and next target would be at 1.3000 area. Support is at 1.2205, only break below this level could trigger another downside movement towards 1.1700.

GBPUSD daily chart