GBPUSD Daily Analysis – December 6, 2019

GBPUSD’s upside movement from 1.2822 extended to as high as 1.3165. Further rise is still possible after a minor consolidation and next target would be at 1.3200 area. Near term support is at 1.3085, a breakdown below this level could bring the price back towards the bullish trend line on the 4-hour chart.

GBPUSD 4-hour chart