GBPUSD Weekly Analysis – July 22, 2017

GBPUSD broke above 1.3047 resistance and is now in uptrend from 1.2589. As long as 1.2811 support holds, the uptrend could be expected to continue and next target would be at 1.3500 area. On the downside, a breakdown below 1.2811 support could trigger another fall towards 1.2000.

GBPUSD daily chart