GBPUSD Daily Analysis – November 7, 2018

GBPUSD’s upside movement from 1.2695 extended to as high as 1.3142. Near term support is at 1.3000, as long as this level holds, the upside movement could be expected to continue and next target would be at 1.3200 area. On the downside, a breakdown below 1.3000 support would indicate that the upside movement is complete, then the pair would find next support level at around 1.2850 area.

GBPUSD 4-hour chart