GBPUSD Daily Analysis – July 3, 2018

GBPUSD remains in the downtrend from 1.3472, the bounce from 1.3049 is likely consolidation for the downtrend. A breakdown below 1.3049 support could trigger another downside movement towards 1.2900. Near term resistance is at 1.3213, a breakout of this level could bring the price back to next resistance level at 1.3314, above here would aim 1.3450 zone.

GBPUSD 4-hour chart