GBPUSD Daily Analysis – June 29, 2017

GBPUSD rose strongly to as high as 1.2972. Near term support is now at 1.2870, as long as this level holds, the uptrend could be expected to continue and further rise to test 1.3047 resistance is possible in the coming days. The key support is located at the rising trend line on its 4-hour chart, only a clear break below the trend line support could signal completion of the uptrend.

GBPUSD 4-hour chart