GBPUSD Weekly Analysis – July 2, 2017

GBPUSD broke above 1.2870 resistance and is now facing 1.3047 resistance. A break of this level will confirm that the upward movement from 1.1987 has resumed, then next target would be at around 1.3200, followed by 1.3950. Key support is at 1.2589, only a breakdown below this level could trigger another fall to retest 1.1946 support.

GBPUSD daily chart