GBPUSD Weekly Analysis – October 13, 2019

GBPUSD extended its upside movement from 1.1958 to as high as 1.2707. Further rise could be expected after a minor consolidation and next target would be at 1.3000 area. Near term support is at 1.2530, below this level could bring the price back towards the rising trend line on the daily chart.

GBPUSD daily chart