GBPUSD Daily Analysis – September 17, 2019

GBPUSD stays in rising price channel on the 4-hour chart and remains in the uptrend from 1.1958. As long as the channel support holds, the pullback from 1.2505 could be treated as consolidation for the uptrend, a breakout of 1.2505 resistance could trigger another rise to 1.2600 area. Key support is at 1.2283, only break below this level could signal completion of the uptrend.

GBPUSD 4-hour chart