GBPUSD Daily Analysis – September 4, 2018

GBPUSD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 1.2661 had completed at 1.3043 already. Further decline would likely be seen and next target would be at 1.2700 area. Near term resistance is at 1.2900, only a break of this level could bring the price back towards 1.3043 resistance.

GBPUSD 4-hour chart