GBPUSD Daily Analysis – September 12, 2019

GBPUSD moved sideways in a trading range between 1.2233 and 1.2385. As long as 1.2233 support holds, the sideways movement could be treated as consolidation for the uptrend from 1.1958, a break of 1.2385 resistance could take the price to 1.2500 area. On the downside, a breakdown below 1.2233 support would indicate that the upside movement had completed at 1.2385 already, then the pair would find next support level at 1.2100.

GBPUSD 4-hour chart