GBPUSD Daily Analysis – September 14, 2018

GBPUSD extended its upside movement from 1.2785 to as high as 1.3124. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.3200. Key support is at 1.2963, only a breakdown below this level could signal completion of the uptrend.

GBPUSD 4-hour chart