GBPUSD Daily Analysis – October 14, 2019

GBPUSD remains in the uptrend from 1.2195, the pullback from 1.2707 is likely consolidation for the uptrend. Range trading between 1.2530 and 1.2707 would likely be seen in a couple of days. As long as 1.2530 support holds, the uptrend could be expected to resume, further rise to 1.2800 area is still possible, only break below 1.2530 support could signal completion of the uptrend.

GBPUSD 4-hour chart