GBPUSD Weekly Analysis – December 8, 2019

GBPUSD extended its upside movement from 1.1958 to as high as 1.3166, breaking above 1.3012 resistance. Further rise is still possible and next target would be at 1.3350 area. Key support is at 1.2768, only break below this level could signal completion of the uptrend.

GBPUSD daily chart