GBPUSD Daily Analysis – July 5, 2018

GBPUSD extended its upside movement from 1.3049 to as high as 1.3249, breaking above 1.3213 resistance. Further rise is still possible in a couple of days and next target would be at 1.3314 resistance. Support level is now at 1.3165, only a breakdown below this level could bring the price back towards 1.3049 support.

GBPUSD 4-hour chart