GBPUSD Daily Analysis – May 3, 2019

GBPUSD is in the uptrend from 1.2865, the pullback from 1.3102 is likely consolidation for the uptrend. Range trading between 1.2950 and 1.3102 would likely be seen in a couple of days. As long as 1.2950 support holds, the uptrend could be expected to resume, further rise to 1.3200 is possible after the consolidation.

GBPUSD 4-hour chart