GBPUSD Daily Analysis – November 2, 2018

GBPUSD’s upside movement from 1.2695 extended to as high as 1.3034. Further rise is still possible after consolidation and next target would be at 1.3200 area. Support level is at 1.2850, only a breakdown below this level could trigger another fall towards 1.2700.

GBPUSD 4-hour chart