GBPUSD Weekly Analysis – November 10, 2019

GBPUSD is facing 1.2745 support, a breakdown below this level would indicate that the upside movement from 1.1958 had completed at 1.3012 already, then deeper decline could be seen and the target would be at the bullish trend line on the daily chart. On the upside, as long as 1.2745 support holds, the pullback from 1.3012 could be treated as consolidation for the uptrend, another rise towards 1.3200 is still possible after the consolidation.

GBPUSD daily chart