GBPUSD Daily Analysis – September 6, 2018

GBPUSD rebounded strongly from 1.2785, suggesting that the downside movement from 1.3043 had completed. Further rise to test 1.3043 resistance is possible in the coming days and a break of this level could trigger further upside movement towards 1.3300. Support is at 1.2785, only a break down below this level could bring the price back towards 1.2661 previous low.

GBPUSD 4-hour chart