GBP/USD Weekly Analysis – Sunday, Dec. 2

GBP/USD is facing 1.2661 support and a breakdown below this level could signal resumption of the downtrend from 1.4376, then a further decline towards 1.2300 could be seen.

Near term resistance is at 1.2940 and  a break of this level could bring the price back towards 1.3298 resistance.

GBPUSD daily chart

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