GBPUSD Daily Analysis – August 27, 2018

GBPUSD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.3362. A breakdown below 1.2798 support could trigger further downside movement towards 1.2661 previous low. Only a clear break above the trend line resistance could signal completion of the downtrend.

GBPUSD 4-hour chart