GBPUSD Daily Analysis – September 12, 2018

GBPUSD stays above a bullish trend line on its 4-hour chart and remains in the uptrend from 1.2661. Near term support is at 1.2896, as long as this level holds, the upside movement could be expected to continue and next target would be at 1.3200 area. On the downside, a breakdown below 1.2896 support could bring the price back towards the bullish trend line, only a breakdown below the trend line support could signal completion of the uptrend.

GBPUSD 4-hour chart