GBPUSD Weekly Analysis – September 1, 2019

GBPUSD failed to break above the top of the price channel on the daily chart, suggesting that the pair remains in the downtrend from 1.3381. As long as the channel resistance holds, the downside movement could be expected to continue and next target would be at 1.1900 area, only break above the channel resistance could signal completion of the downtrend.

GBPUSD daily chart