GBPUSD Daily Analysis – September 1, 2016

GBPUSD remains in downtrend from 1.3278. The rise from 1.3059 is likely correction of the downtrend. Another fall could be expected after correction, and next target would be at 1.2900 area. Key resistance is at 1.3278, only break above this level could trigger another rise towards 1.3800.

gbpusd chart