GBP/USD Daily Analysis – Monday, November 6, 2017

GBP/USD continued its sideways movement in a trading range between 1.3027 and 1.3337. The price is now facing 1.3027 support, a breakdown below this level could take the price to the next support level at 1.2774.

Near term resistance is at 1.3130, followed by 1.3160. Above these levels could trigger another rise towards 1.3337.

GBPUSD 4-hour chart

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