GBPUSD TECHS: Approaching A Trendline Support

• RES 4: 1.3893 1.236 proj of the Aug 1 - 14 - Sep 3 price swing     
• RES 3: 1.3789 High Jul 1 and key resistance
• RES 2: 1.3753 High Jul 2
• RES 1: 1.3661/3726 High Sep 18 / 17 
• PRICE: 1.3468 @ 19:58 BST Sep 19
• SUP 1: 1.3463 Low Sep 19
• SUP 2: 1.3433 Trendline support drawn from the Aug 1 low
• SUP 3: 1.3333 Low Sep 3 
• SUP 4: 1.3142 Low Aug 1 and a key support      

A bullish theme in GBPUSD remains intact and the move down from last Wednesday’s high is considered corrective - for now. However, the pair has traded through the 50-day EMA and this signals scope for a deeper retracement. The next support to watch lies at 1.3449, a trendline support drawn from the Aug 1 low. For bulls, a resumption of gains would refocus attention on key short-term resistance at 1.3726, the Sep 17 high.