GBPUSD Daily Analysis – October 17, 2019

GBPUSD extended its upside movement from 1.2195 to as high as 1.2876. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.2900 area. Key support is at 1.2656, only break below this level could signal completion of the uptrend.

GBPUSD 4-hour chart