GBPUSD Daily Analysis – September 5, 2016

GBPUSD continued its upward movement from 1.2865, and the rise extended to as high as 1.3375. Further rise to test 1.3480 (Jul 15 high) resistance is possible. Near term support is at 1.3215, a breakdown below this level could bring price back to 1.2900 zone.

gbpusd chart