GBPUSD Daily Analysis – September 6, 2017

GBPUSD extended its upside movement from 1.2774 to as high as 1.3044. Near term support is at the bullish trend line on the 4-hour chart. As long as the price is above the trend line, the upside movement could be expected to continue and next target would be at 1.3150 area. Only a clear break below the trend line support could signal completion of the uptrend.

GBPUSD 4-hour chart