GBPUSD Daily Analysis – September 16, 2019

GBPUSD extended its upside movement from 1.1958 to as high as 1.2505. 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 1.2600 area. Near term support is at 1.2420, below this level could bring the price back towards the trend line.

GBPUSD 4-hour chart