GBPUSD Daily Analysis – October 24, 2019

GBPUSD failed to break below 1.2839 support, suggesting that the pair remains in the uptrend from 1.2195. As long as 1.2839 support holds, the uptrend could be expected to resume, further rise towards 1.3150 is still possible. On the downside, a breakdown below 1.2839 support would indicate that the upside movement had completed at 1.3012 already, then the following downside movement could bring the price back to 1.2600 area.

GBPUSD 4-hour chart