GBPUSD Daily Analysis – December 18, 2019

GBPUSD broke below the rising trend line on the 4-hour chart and is now facing the key support level at 1.3049. A breakdown below this level would confirm that the upside movement from 1.2768 had completed at 1.3514 already, then further decline to 1.2750 area could be seen. Resistance is at 1.3210, only break above this level could trigger another rise towards 1.3550.

GBPUSD 4-hour chart