GBPUSD Daily Analysis – September 18, 2019

GBPUSD extended its upside movement from 1.1958 to as high as 1.2526. As long as the price is in the rising price channel 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 1.2465, below this level could bring the price back towards the bottom of the channel.

GBPUSD 4-hour chart