GBPUSD Weekly Analysis – August 16, 2020

GBPUSD stays above a rising trend line on the daily chart and remains in the uptrend from 1.1409. Further rise would likely be seen in a couple of weeks and 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 the trend line.

GBPUSD daily chart