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](https://www.forexcycle.com/wp-content/uploads/2020/20200816_GBPUSD_1.png)