GBPUSD Daily Analysis – July 6, 2018

GBPUSD’s upside movement from 1.3049 extended to as high as 1.3274. Further rise to test 1.3314 resistance is still possible in the coming days. Support is at 1.3165, only a breakdown below this level could bring the price back to test 1.3049 support.

GBPUSD 4-hour chart