GBPUSD Daily Analysis – November 19, 2018

GBPUSD failed to break below 1.2695 support and rebounded from 1.2723. However another fall to test 1.2695 is still possible and a breakdown could trigger further downside movement towards 1.2550 area. Resistance is at 1.2950, only a breakout of this level could bring the price back into 1.3200 zone.

GBPUSD 4-hour chart