GBPUSD Daily Analysis – July 10, 2018

GBPUSD broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 1.3049 had completed at 1.3362 already. Further decline could be expected in the coming days and next target would be at 1.3000 area. Resistance is at 1.3362, only a breakout of this level could trigger another rise towards 1.3450.

GBPUSD 4-hour chart