GBPUSD Daily Analysis – November 5, 2018

GBPUSD remains in the uptrend from 1.2695, the pullback from 1.3040 is likely consolidation for the uptrend. Near term support is at 1.2880, as long as this level holds, the upside movement could be expected to continue and next target would be at 1.3200 area. Only a breakdown below 1.2880 support could trigger another fall towards 1.2700.

GBPUSD 4-hour chart