GBPUSD Daily Analysis – November 27, 2018

GBPUSD stays below a bearish trend line on the 4-hour chart and remains in the downtrend from 1.3174. As long as the price is below the trend line, the downside movement could be expected to continue and next target would be at 1.2695 support. Key resistance is at 1.2927, only a breakout of this level could signal completion of the downtrend.

GBPUSD 4-hour chart