GBPUSD Daily Analysis – December 3, 2019

GBPUSD remains in the short term uptrend from 1.2822. As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.3000 area. On the downside, a breakdown below the channel support would indicate that the upside movement is complete, then another fall towards 1.2700 could be seen.

GBPUSD 4-hour chart