GBPUSD Daily Analysis – September 6, 2019

GBPUSD extended its upside movement from 1.1958 to as high as 1.2353, breaking above 1.2309 resistance. Further rally is still possible in a couple of days and next target would be at 1.2500 area. Near term support is at 1.2250, a breakdown below could bring the price back to 1.2160, followed by 1.2070.

GBPUSD 4-hour chart