GBPUSD Daily Analysis – July 31, 2017

GBPUSD is in uptrend from 1.2932, the fall from 1.3158 could be treated as consolidation of the uptrend. Support is at the rising trend trend line on the 4-hour chart. As long as the trend line support holds, the uptrend could be expected to continue and next target would be at 1.3300 area. Only a clear break below the trend line support could bring price back to test 1.2932 support.

GBPUSD 4-hour chart