GBPUSD Daily Analysis – November 4, 2019

GBPUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.2788. As long as the trend line support holds, 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 the following downside movement could bring the price back into 1.2800 zone.

GBPUSD 4-hour chart