GBPUSD Daily Analysis – November 14, 2018

GBPUSD broke above 1.2950 resistance, suggesting that the downside movement from 1.3174 had completed at 1.2826 already. Further rise could be expected and next target would be at 1.3150 area. Near term support is at 1.2930, only a breakdown below this level could trigger another fall towards 1.2800.

GBPUSD 4-hour chart