GBPUSD Daily Analysis – November 6, 2018

GBPUSD extended its upside movement from 1.2695 to as high as 1.3067. Near term support is at 1.2950, 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 1.2950 support could bring the price back to 1.2700 area.

GBPUSD 4-hour chart