GBPUSD Daily Analysis – November 2, 2017

GBPUSD is facing 1.3337 resistance. As long as this level holds, the sideways movement between 1.3027 and 1.3337 could be treated as consolidation of the downtrend from 1.3657 and another fall towards the major support trend line on the daily chart is still possible. On the upside, a breakout of 1.3337 resistance could trigger further upside move to 1.3500 area.

GBPUSD 4-hour chart