GBPUSD Daily Analysis – August 23, 2018

GBPUSD extended its upside movement from 1.2661 to as high as 1.2936. Further rise towards the falling trend line on the 4-hour chart is possible in the coming days. Near term support is at 1.2800, only a breakdown below this level could bring the price back towards 1.2661.

GBPUSD 4-hour chart