GBPUSD Daily Analysis – September 4, 2017

After correction, GBPUSD broke above 1.2978 resistance, indicating that the uptrend from 1.2774 has resumed. Further rise could be expected in a couple of days and next target would be at 1.3100 area. Support levels are at 1.2852 and 1.2774, only break below these levels could trigger another fall towards 1.2600.

GBPUSD 4-hour chart