GBPUSD Daily Analysis – September 8, 2016

Being contained by 1.3480 (Jul 15 high) resistance, GBPUSD pulled back from 1.3445. However, the fall would possibly be consolidation of the uptrend from 1.2865, another rise to test 1.3480 resistance is still possible after consolidation. Support is at the bottom of the price channel on 4-hour chart, only a clear break below the channel support could signal completion of the uptrend.

gbpusd chart