GBPUSD Daily Analysis – August 1, 2017

GBPUSD stays above a bullish trend line on the 4-hour chart and remains in uptrend from 1.2932, and the rise extended to as high as 1.3224. Further rise could be expected after a minor consolidation 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