GBPUSD Daily Analysis – November 28, 2017

GBPUSD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.3039. As long as the channel support holds, the uptrend could be expected to continue and next target would be at 1.3420 area. A break of this level could trigger further bullish movement towards 1.3657 (Sep 20 high) previous high. Key support is at 1.3278, only a breakdown below this level could indicate that the uptrend had completed at 1.3383 already, then another fall towards 1.3027 support could be seen.

GBPUSD 4-hour chart