GBPUSD Daily Analysis – November 16, 2018

GBPUSD broke below 1.2826 support and extended its downside movement from 1.3174 to as low as 1.2723. Further decline to test 1.2695 support is possible in a couple of days. Resistance is at 1.2880, only a breakout of this level could trigger another upside movement towards 1.3200.

GBPUSD 4-hour chart