GBPUSD Daily Analysis – December 5, 2019

GBPUSD extended its upside movement from 1.2822 to as high as 1.3120. Further rise would likely be seen after a minor consolidation and next target would be at 1.3200 area. Near term support is at 1.3050, below this level could bring the price back towards the bullish trend line on the 4-hour chart.