GBPUSD Daily Analysis – November 1, 2019

GBPUSD’s upside movement from 1.2788 extended to as high as 1.2975. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.3012 resistance. On the downside, a breakdown below the trend line support would suggest that the uptrend is complete, then another fall towards 1.2800 could be seen.

GBPUSD 4-hour chart