GBPUSD Weekly Analysis – September 15, 2019

GBPUSD broke above the falling price channel on the daily chart, suggesting that the downside movement from 1.3381 had completed at 1.1958 already. Further rally could be expected and next target would be at 1.2800 area. Near term support is at 1.2280, only a breakdown below this level could trigger another fall towards 1.1900.

GBPUSD daily chart