GBPUSD Daily Analysis – December 12, 2019

GBPUSD stays in a bullish 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 1.3250 area. Key support is at 1.3100, a breakdown below this level could bring the price back to 1.2920 zone.

GBPUSD 4-hour chart