GBPUSD Daily Analysis – September 12, 2016

GBPUSD is facing the support of the price channel on 4-hour channel. As long as the channel support holds, the uptrend from 1.2865 could be expected to resume, and next target would be at 1.3700 area. However, a clear break below the channel support will indicate that the uptrend has completed, then the following downward movement could bring price to 1.2900 zone.

gbpusd chart