GBPUSD Daily Analysis – November 13, 2018

GBPUSD’s downside movement from 1.3174 extended to as low as 1.2826. Further decline is still possible and next target would be at 1.2750 area. Resistance is at 1.2950, only a break of this level could bring the price back to 1.3050 area.

GBPUSD 4-hour chart