GBPUSD Daily Analysis – September 20, 2017

GBPUSD is in consolidation of the uptrend from 1.2774. Range trading between 1.3370 and 1.3618 would likely be seen over the next several days. As long as 1.3370 support holds, the uptrend could be expected to resume and a break of 1.3618 resistance could trigger another rise towards 1.3950. Key support is located at the bullish trend line on the 4-hour chart, only a clear break below the trend line support could signal completion of the uptrend.

GBPUSD 4-hour chart