GBPUSD Weekly Analysis – Sunday, August 16

GBPUSD stays above a rising trend line on the daily chart, and remains in the uptrend from 1.1409. A further rise would likely be seen in a couple of weeks, and the next target would be at around the 1.3500 area.

GBPUSD stays above a rising trend line on the daily chart, and remains in the uptrend from 1.1409. A further rise would likely be seen in a couple of weeks, and the next target would be at around the 1.3500 area. Near term support is at 1.2950, and a breakdown below this level could bring the price back towards the trend line.

GBPUSD daily chart

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