GBPUSD Daily Analysis – July 18, 2017

GBPUSD remains in uptrend from 1.2811, the fall from 1.3113 could be treated as consolidation of the uptrend. Range trading between 1.3000 and 1.3113 would likely be seen in a couple of days. As long as 1.3000 support holds, the uptrend could be expected to resume and further rise towards 1.3200 is still possible after the consolidation. Only a breakdown below 1.3000 support could signal completion of the uptrend.

GBPUSD 4-hour chart