GBPUSD Daily Analysis – October 30, 2019

GBPUSD broke above the falling price channel on the 4-hour chart, suggesting that the downtrend from 1.3012 had completed at 1.2788 already. Further rally would likely be seen and next target would be at 1.2980 area. Support is at 1.2788, only a breakdown below this level could trigger another fall towards 1.2650.

GBPUSD 4-hour chart