GBPUSD Daily Analysis – December 11, 2019

GBPUSD extended its upside movement from 1.2822 to as high as 1.3214. Further rise is still possible after consolidation and next target would be at 1.3250 area. Support is located at the bottom of the price channel on the 4-hour chart, only break below the channel support could bring the price back to 1.2920 area.

GBPUSD 4-hour chart