GBPUSD Weekly Analysis – September 20, 2020

GBPUSD is facing the support of the rising price channel on the daily chart. As long as the channel support holds, the upside movement from 1.1409 could be expected to resume, and further rise to 1.3800 area is possible. On the other side, a breakdown below the channel support would confirm that the upside movement had completed at 1.3482 already, then the pair would find support at around 1.2000.

GBPUSD daily chart