GBPUSD Daily Analysis – December 20, 2019

GBPUSD broke below 1.3049 support, suggesting that the upside movement from 1.2768 had completed at 1.3514 already. Further decline could be expected in a couple of days and next target would be at 1.2850 area. Near term resistance is at 1.3135, above this level could bring the price back towards 1.3350.

GBPUSD 4-hour chart