GBPUSD Weekly Analysis – September 18, 2016

GBPUSD failed to break above 1.3480 resistance, and stayed in the trading range between 1.2795 and 1.3480. Deeper decline to test 1.2795 support would likely be seen next week, a breakdown below this level will signal resumption of the downtrend from 1.5016, then next target would be at 1.2000 zone.

gbpusd chart