GBPUSD Daily Analysis - September 13, 2016

Short Term Forex Analysis | by ForexCycle.com | Tuesday, 13 September 2016 02:17 UTC
Being contained by the support of the price channel on 4-hour chart, GBPUSD rebounded from 1.3235, indicating that the pair remains in uptrend from 1.2865. Another rise to test 1.3480 (Jul 15 high) resistance is possible in a couple of days. On the downside, a clear break below the channel support will signal completion of the uptrend, and the following downward movement could bring price to 1.2900 zone.

gbpusd chart

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