FX.co ★ Daily analysis of GBP/USD for September 07, 2016

GBP/USD is climbing across the board and looking to reach the resistance level of 1.3480. Currently, the bullish momentum is helping the sterling to break the post-Brexit range in which it has been trapped since then.The 200 SMA on H1 chart is providing a good dynamic support and eventually, the pair can test the 1.3685 on a mid-term basis.

H1 chart's resistance levels: 1.3480 / 1.3685

H1 chart's support levels: 1.3360 / 1.3258

Trading recommendations for today: Based on the H1 chart, buy (long) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is at 1.3480, take profit is at 1.3685 and stop loss is at 1.3270.