GBPUSD Daily Analysis – December 13, 2017

GBPUSD broke below 1.3319 support, suggesting that the uptrend from 1.3039 had completed at 1.3549 already. Further decline would likely be seen in the coming days and next target would be at 1.3220. A breakdown below this level could trigger further downside movement towards 1.3027 (Oct 6 low). Near term resistance levels are at 1.3375 and 1.3435, only break above these levels could bring price back towards 1.3549.

GBPUSD 4-hour chart