GBPUSD Weekly Analysis – October 20, 2019

GBPUSD’s upside movement from 1.1958 extended to as high as 1.2989. Further rise is still possible after a minor consolidation and next target would be at 1.3200 area. Near term support is at 1.2820, below this level would indicate that consolidation for the uptrend is underway, then the pair would find next support at around 1.2550.

GBPUSD daily chart