GBPUSD Weekly Analysis – November 3, 2019

No changed in our view, GBPUSD remains in the uptrend from 1.1958, as long as 1.2745 support holds, the pullback from 1.3012 could be treated as consolidation for the uptrend, further rise to 1.3250 area is possible after the consolidation. On the downside, a breakdown below 1.2745 support would indicate that the upside movement had completed at 1.3012 already, then next target would be at 1.2500 area.

GBPUSD daily chart