GBPUSD Daily Analysis – August 28, 2019

GBPUSD extended its upside movement from 1.2014 to as high as 1.2309. 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 1.2360 area. Key support is at 1.2193, below this level would confirm that the upside movement is complete, then another fall towards 1.2000 could be seen.

GBPUSD 4-hour chart