GBPUSD Daily Analysis – September 14, 2016

GBPUSD broke below the bottom of the price channel on 4-hour chart, indicating that the uptrend from 1.2865 had completed at 1.3445 already. Resistance is located at the downward trend line. As long as the trend line resistance holds, the downtrend from 1.3445 could be expected to continue, and next target would be at 1.2900 zone.

gbpusd chart