GBPUSD Daily Analysis – November 13, 2017

GBPUSD continued its sideways movement in a trading range between 1.3027 and 1.3337. Near term support is at 1.3027, a breakdown below this level could signal resumption of the downtrend from 1.3657, then the following downside movement could take price to next support level at 1.2774. Near term resistance is at 1.3229, a break of this level could take price towards 1.3337 key resistance. Above this level could trigger further upside movement towards 1.3470.

GBPUSD 4-hour chart