GBPUSD Daily Analysis – September 1, 2017

GBPUSD’s fall from 1.2978 extended to as low as 1.2852, the subsequent bounce is likely resumption of the uptrend from 1.2774. Further rise to test 1.3030 resistance is possible in the coming days. Support levels are at 1.2852 and 1.2774, only break below these levels could trigger another fall towards 1.2600.

GBPUSD 4-hour chart