GBPUSD Daily Analysis – April 26, 2017

GBPUSD moved sideways in a trading range between 1.2756 and 1.2904. Near term support is at 1.2700, as long as this level holds, the price action from 1.2904 could be treated as consolidation of the uptrend from 1.2365, and further rise to 1.3000 area could be expected after the consolidation.

GBPUSD chart