GBPUSD Daily Analysis – December 1, 2017

GBPUSD extended its upside movement to as high as 1.3549. Further rise is still possible after a minor consolidation and next target would be at 1.3657 (Sep 20 high). Near term support is at 1.3425, only a breakdown below this level could bring price back towards the rising trend line on the 4-hour chart.

GBPUSD 4-hour chart