GBPUSD Daily Analysis – May 9, 2017

GBPUSD remains in uptrend from 1.2365. As long as the pair is in the ascending price channel on 4-hour chart, the uptrend could be expected to continue, and next target would be at 1.3100 area. Key support is at 1.2831, below this level will indicate that the upward movement had completed at 1.2988 already, then the following pullback could bring price to 1.2600 zone.

GBPUSD chart