GBPUSD Daily Analysis – September 5, 2019

GBPUSD broke above the resistance of the falling trend line on the 4-hour chart, indicating that the downside movement from 1.2309 had completed at 1.1958 already. Further rise is still possible and next target would be at 1.2309 resistance. Near term support is at 1.2200, below this level could bring the price back to 1.2100 area.

GBPUSD 4-hour chart