GBPUSD Daily Analysis – July 9, 2018

GBPUSD broke above 1.3314 resistance and extended its upside movement from 1.3049 to as high as 1.3320. Further rise could be expected after a minor consolidation and next target would be at 1.3400 area. On the downside, a clear break below the trend line support would suggest that the upside movement is complete, then another fall towards 1.3049 previous low could be seen.

GBPUSD 4-hour chart