GBPUSD Daily Analysis – December 4, 2018

GBPUSD extended its downside movement from 1.3174 to as low as 1.2698, facing the 1.2695 support, below this level could trigger further downside movement towards 1.2500. Resistance is located at the bearish trend line on the 4-hour chart, only a clear break of the trend line resistance could bring the price back towards 1.3050.

GBPUSD 4-hour chart