GBPUSD Daily Analysis – July 15, 2019

GBPUSD’s upside movement from 1.2439 extended to as high as 1.2578. Further rise could be expected in the coming days and next target would be at 1.2700 area. Near term support is at 1.2500, only break below this level could trigger another downside movement towards 1.2400.

GBPUSD 4-hour chart