GBPUSD Daily Analysis – September 14, 2017

GBPUSD pulled back from 1.3328, breaking below the bullish support trend line on its 4-hour chart, indicating that consolidation for the uptrend from 1.2774 is underway. Range trading between 1.3159 and 1.3328 would likely be seen in a couple of days. Near term support is at 1.3159, as long as the this level holds, the uptrend could be expected to resume and next target would be at 1.3444. The key support level is at 1.3100, only a breakdown below this level could signal completion of the uptrend.

GBPUSD 4-hour chart