GBPUSD Daily Analysis – July 1, 2019

No changed in our view, GBPUSD remains in the downtrend from 1.2783. Further decline would likely be seen in the coming days and next target would be at 1.2550 area. Resistance is at 1.2725, only break above this level could trigger another rise to 1.2850 area.

GBPUSD 4-hour chart