GBPUSD Daily Analysis – September 18, 2017

GBPUSD extended its bullish movement from 1.2774 to as high as 1.3616. Near term support is at 1.3490, followed by 1.3400. As long as these levels hold, the upside movement could be expected to continue and next target would be at 1.3950 area. Key support is located at the bullish trend line on the 4-hour chart, only a clear break below the trend line support could signal completion of the uptrend.

GBPUSD 4-hour chart