GBPUSD Daily Analysis – July 19, 2019

GBPUSD is facing 1.2578 resistance, a break of this level would confirm that the downside movement from 1.2783 had completed at 1.2381 already, then further rise to 1.2650 area could be seen. Near term support is at 1.2500, below this level could bring the price back towards 1.2380.

GBPUSD 4-hour chart