GBPUSD Daily Analysis – July 22, 2019

GBPUSD failed to break above 1.2578 resistance and pulled back from 1.2558. However, another rise to retest this level is possible, a breakout could take the price to 1.2700 area. Near term support is at 1.2470, below this level could trigger another fall towards 1.2300.

GBPUSD 4-hour chart