GBPUSD Daily Analysis – November 21, 2016

GBPUSD broke below 1.2350 support, indicating that the uptrend from 1.2082 had completed at 1.2673 already. Deeper decline could be expected, and next target would be at 1.2050 area. Near term resistance is at 1.2510, only break above this level could trigger another rise towards 1.2700.

gbpusd chart