GBPUSD Daily Analysis - September 1, 2016 Forex Analysis

GBPUSD remains in downtrend from 1.3278. The rise from 1.3059 is likely correction of the downtrend. Another fall could be expected after correction, and next target would be at 1.2900 area. Key resistance is at 1.3278, only break above this level could trigger another rise towards 1.3800.

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EURUSD Daily Analysis - September 1, 2016 Forex Analysis

EURUSD continued its downward movement from 1.1366 and the fall extended to as low as 1.1123. Further decline is still possible after a minor consolidation, and next target would be at 1.1000 area. Resistance is at 1.1210, only break above this level will indicate that the downtrend had completed at 1.1123 already, then the following upward movement could bring price back to 1.1500 zone.

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