GBPUSD Daily Analysis – September 15, 2017

GBPUSD extended its upside movement from 1.2774 to as high as 1.3405, facing the resistance level at 1.3444. 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 move could be expected to continue and a break of 1.3444 resistance could take price to next resistance level at 1.3700. Key support is now at 1.3153, only a breakdown below this level could signal completion of the uptrend.

GBPUSD 4-hour chart