GBPUSD Daily Analysis – August 3, 2018

GBPUSD broke below 1.3070 support and extended its downside movement from 1.3213 to as low as 1.3007. Further decline could be expected and next target would be at 1.2950 area. Resistance is at 1.3070, only break above this level could bring the price back towards 1.3200.

GBPUSD 4-hour chart