GBPUSD Daily Analysis – September 5, 2018

GBPUSD extended its downside movement from 1.3043 to as low as 1.2810, facing the support level at 1.2798. A breakdown below this level could trigger further downside movement towards 1.2661 previous low. Near term resistance is at 1.2900, only a breakout of this level could bring the price back towards 1.3043 resistance.

GBPUSD 4-hour chart