GBPUSD Daily Analysis – November 12, 2019

GBPUSD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 1.2975 had completed at 1.2768 already. Further rally would likely be seen and next target would be at 1.2960 area. Support is at 1.2768, below this level could trigger another fall towards 1.2650.

GBPUSD 4-hour chart