GBPUSD Daily Analysis – May 7, 2019

GBPUSD stays above a bullish trend line on the 4-hour and remains in the uptrend from 1.2865, the pullback from 1.3176 is likely corrective consolidation for the uptrend. As long as the trend line support holds, the upside movement could be expected to resume, a breakout of 1.3176 resistance could take the price to 1.3300 area. Only a clear break below the trend line support could signal completion of the uptrend.

GBPUSD 4-hour chart