GBPUSD Daily Analysis – December 29, 2017

GBPUSD is now facing 1.3466 resistance. A breakout of this level could take price towards 1.3549. Above here would aim 1.3657 (Sep 20 high). Near term support is at 1.3385, a breakdown below this level could bring price back to test 1.3301 support. Below this level could trigger further downside movement towards 1.3027 (Oct 6 low).

GBPUSD 4-hour chart