GBPUSD Daily Analysis – August 2, 2017

GBPUSD remains in the uptrend from 1.2932. Further rise is still possible and next target would be at 1.3300 area. Support is at the rising trend line on the 4-hour chart, as long as the trend line support holds, the uptrend will continue. On the downside, a clear break below the trend line support could signal completion of the uptrend, then the pair will find next support level at around 1.3000.

GBPUSD 4-hour chart