GBPUSD Daily Analysis – November 25, 2019

GBPUSD extended its downside movement from 1.2985 to as low as 1.2822. Further decline would likely be seen in a couple of days and next target would be at 1.2750 area. Near term resistance is at 1.2870, only break above this level could trigger another rise towards 1.2950.

GBPUSD 4-hour chart