GBPUSD Daily Analysis – July 27, 2017

After consolidation, GBPUSD continued its upside movement from 1.2589 and reached as high as 1.3156. Further rise is still possible and next target would be at 1.3200 area. Support is now at the rising trend line on the 4-hour chart, as long as the trend line support holds, the uptrend will continue.

GBPUSD 4-hour chart