GBPUSD Daily Analysis – August 3, 2017

GBPUSD stays above a bullish trend line on its 4-hour chart and remains in uptrend from 1.2932. 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 will indicate that the upside movement had completed at 1.3250 already, then the following pullback could bring price into 1.3000 zone.

GBPUSD 4-hour chart