GBPUSD Daily Analysis – November 13, 2019

GBPUSD remains in the downtrend from 1.3012, the bounce from 1.2768 is likely consolidation for the downtrend. As long as 1.2898 resistance holds, the downtrend could be expected to resume, and further decline to 1.2650 area is still possible, only break above 1.2898 resistance could trigger another rise towards 1.2960.

GBPUSD 4-hour chart