GBPUSD Weekly Analysis – September 15, 2018

GBPUSD is facing 1.3213 resistance. A breakout of this level would indicate that the downside movement from 1.4376 had completed at 1.2661 already, then next target would be at 1.3500 area. Near term support is at 1.2950, a breakdown below this level could bring the price back towards 1.2661 previous low.

GBPUSD daily chart