GBPUSD Daily Analysis – November 8, 2018

GBPUSD extended its upside movement from 1.2695 to as high as 1.3174. Support is at the bottom of the price channel on the 4-hour chart. As long as the channel support holds, the upside movement could be expected to continue and next target would be at 1.3250 area. Only a clear break below the channel support could signal completion of the uptrend.

GBPUSD 4-hour chart