GBPUSD Daily Analysis – December 28, 2018

GBPUSD is facing 1.2606 support, a breakdown below this level could trigger another fall towards 1.2475. However as long as 1.2606 support holds, the fall from 1.2738 would possibly be consolidation for the uptrend from 1.2475, further rise towards 1.2850 is still possible after the consolidation.

GBPUSD 4-hour chart