GBPUSD Daily Analysis – October 13, 2016

GBPUSD is in short term uptrend from 1.1946, the fall from 1.2477 is likely correction of the uptrend. Further rise to 1.2700 area to complete the upward movement would likely be seen. Key support is at 1.1946, only break below this level could trigger another fall towards 1.1500.

gbpusd chart