GBPUSD Daily Analysis – June 30, 2017

GBPUSD’s upward movement extended to as high as 1.3029 and is now facing 1.3047 resistance. Further rise could be expected after a minor consolidation and next target would be at 1.3200 area. Near term support is at 1.2910, as long as this level holds, the uptrend will continue. 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