GBPUSD Daily Analysis – October 11, 2018

GBPUSD extended its upside movement from 1.2921 to as high as 1.3215. Further rise is still possible after a minor consolidation and next target would be at 1.3300 area. Near term support is located at the bullish trend line on the 4-hour chart, as long as the trend line support holds, the uptrend will continue.

GBPUSD 4-hour chart