GBPUSD Daily Analysis - September 12, 2016

Short Term Forex Analysis | by ForexCycle.com | Monday, 12 September 2016 02:07 UTC
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

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