GBPUSD Daily Analysis – November 28, 2018

GBPUSD’s fall from 1.2927 extended to as low as 1.2725. Further decline to test 1.2695 support is possible in the coming days, below this level would aim 1.2500. Near term resistance is at 1.2780, only a break of this level could bring the price back towards the bearish trend line on the 4-hour chart.

GBPUSD 4-hour chart