GBPUSD Daily Analysis – December 10, 2018

GBPUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.3174. As long as the channel resistance holds,the downside movement could be expected to continue and next target would be at 1.2600 area. Key resistance is at 1.2839, only a break of this level could signal completion of the downtrend.

GBPUSD 4-hour chart