GBPUSD Daily Analysis – October 10, 2018

GBPUSD broke above 1.3132 resistance, suggesting that the upside movement from 1.2921 has resumed. Further rise could be expected in a couple of days and next target would be at 1.3250 area. Near term support is at the rising trend line on the 4-hour chart and the key support is at 1.3028, only a breakdown below this level could signal completion of the uptrend.

GBPUSD 4-hour chart