GBPUSD Daily Analysis – November 28, 2019

GBPUSD broke above the falling price channel on the 4-hour chart, suggesting that the short term downtrend from 1.2985 had completed at 1.2822 already. Further rally could be expected and next target would be at 1.3000 area. Near term support is at 1.2880, below this level could trigger another fall towards 1.2700.

GBPUSD 4-hour chart