GBPUSD Daily Analysis – August 31, 2017

GBPUSD remains in the uptrend from 1.2774, the pullback from 1.2978 is likely correction of the uptrend. Another rise could be expected after the correction and a break of 1.2978 resistance could signal resumption of the uptrend. Support levels are at 1.2830 and 1.2774, only break below these levels could trigger another fall towards 1.2600.

GBPUSD 4-hour chart