GBPUSD Daily Analysis – November 14, 2019

GBPUSD moved sideways in a trading range between 1.2768 and 1.2898. As long as 1.2898 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.3012, further decline to 1.2650 area is still possible after the consolidation. Only break above 1.2898 resistance could trigger another rise towards 1.2960.

GBPUSD 4-hour chart