GBPUSD Daily Analysis – August 21, 2020

GBPUSD broke above 1.3185 resistance and extended its upside movement from 1.2251 (Jun 29 low) to as high as 1.3266. Further rise would likely be seen in the coming days and next target would be at 1.3400 area. Key support is at 1.2980, only a breakdown below this level could signal completion of the uptrend.

GBPUSD 4-hour chart