GBPUSD Daily Analysis – September 18, 2018

GBPUSD extended its upside movement from 1.2785 to as high as 1.3164. As long as the price is in the bullish price channel on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.3250 area. Support is at 1.3056, a breakdown below this level could bring the price back towards 1.2800.

GBPUSD 4-hour chart