GBPUSD Daily Analysis – May 3, 2017

GBPUSD remains in short term uptrend from 1.2756. Support is now at 1.2864, as long as this level holds, the uptrend could be expected to continue and next target would be at 1.3100 area. On the downside, a breakdown below 1.2864 support will indicate that the short term uptrend had completed at 1.2965 already, then the following pullback could bring price to 1.2800 zone.

GBPUSD chart