GBPUSD Daily Analysis – July 17, 2018

GBPUSD extended its upside movement from 1.3102 to as high as 1.3292. Further rise to test 1.3362 resistance is still possible and a breakout of this level could take the price towards 1.3450. Support is now at 1.3200, a breakdown below this level could bring the price back towards 1.3050.

GBPUSD 4-hour chart