GBPUSD Daily Analysis – December 2, 2019

GBPUSD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.2822. As long as the channel support holds, the upside movement could be expected to continue and next target would be at 1.3000 area. Only a breakdown below the channel support could trigger another fall towards 1.2700.

GBPUSD 4-hour chart