GBPUSD Weekly Analysis – Sunday, Oct. 7

GBPUSD remains in the uptrend from 1.2661; the pullback from 1.3298 is likely consolidation for the uptrend.

Another rise could be expected after the consolidation and the next target would be at the 1.3500 area. Near term support is at 1.2910, followed by 1.1850, only a break below these levels could signal completion of the uptrend.

GBPUSD daily chart

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