GBPUSD Daily Analysis – December 13, 2016

GBPUSD is facing 1.2700 resistance, a break of this level could signal resumption of the uptrend from 1.2302, then next target would be at 1.2900 area. Key support is now at 1.2548, a breakdown below this level will confirm that the uptrend had completed at 1.2774 already, then the following downward movement could bring price to 1.2000 zone.

gbpusd chart