GBPUSD Daily Analysis – August 29, 2017

GBPUSD is now in uptrend from 1.2774. Further rise is still possible and next target would be at 1.3000 area. Near term support is at 1.2870, only a breakdown below this level will indicate that correction for the uptrend is underway, then deeper decline to 1.2830 area could be seen.

GBPUSD 4-hour chart