GBPUSD Daily Analysis – July 25, 2017

GBPUSD remains in uptrend from 1.2589, the price action from 1.3029 could be treated as consolidation of the uptrend. Deeper decline to test 1.2811 key support would likely be seen in a couple of days. As long as this level holds, another rise towards 1.3200 could be expected after the consolidation.

GBPUSD 4-hour chart