GBPUSD Daily Analysis – November 12, 2018

GBPUSD extended its downside movement from 1.3174 to as low as 1.2913. Further decline is still possible after a minor consolidation and next target would be at 1.2850 area. Resistance is at 1.3050, only a break of this level could trigger another rise towards 1.3250.

GBPUSD 4-hour chart