GBPUSD Weekly Analysis – September 11, 2016

GBPUSD moved sideways without trend in a range between 1.2795 and 1.3480 for several weeks. As long as 1.3800 key resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.5016, another fall to 1.2000 area is still possible after consolidation.

gbpusd chart