GBPUSD Daily Analysis – September 11, 2017

GBPUSD stays above a bullish trend line on its 4-hour chart and remains in the uptrend from 1.2909. As long as the trend line support holds, the uptrend could be expected to continue and further rise to test 1.3267 previous high resistance is possible. On the downside, a clear break below the trend line support could bring price back to next support level at 1.3070, only break below this level could trigger another fall towards 1.2774.

GBPUSD 4-hour chart