GBPUSD Daily Analysis – September 4, 2019

GBPUSD bounced strongly from 1.1958, however, as long as the price is below the falling trend line on the 4-hour chart, the bounce could be treated as consolidation for the downtrend from 1.2309, another fall towards 1.1900 could be expected after the consolidation. Only break above the trend line resistance could signal completion of the downtrend.

GBPUSD 4-hour chart