GBPUSD Daily Analysis – October 17, 2018

GBPUSD broke above 1.3190 resistance, suggesting that the uptrend from 1.2921 has resumed. Further rise to test 1.3257 resistance is possible, a breakout of this level could trigger further upside movement towards 1.3400 area. Key support is at 1.3082, only a breakdown below this level could bring the price back to 1.3020 area.

GBPUSD 4-hour chart