GBPUSD Daily Analysis – September 17, 2018

GBPUSD stays in a bullish price channel on the 4-hour chart and remains in the uptrend from 1.2785. As long as the price is in the channel, the upside movement could be expected to continue and next target would be at 1.3200 area. On the downside, a breakdown below the channel support could bring the price back to next support level at 1.2963, below here would confirm that the upside movement had completed at 1.3143 already, then further decline towards 1.2800 could be seen.

GBPUSD 4-hour chart