GBPUSD Daily Analysis – July 29, 2019

GBPUSD broke below 1.2381 support, suggesting that the downside movement from 1.2783 has resumed. Further decline could be expected in the coming days and next target would be at 1.2300 area. Resistance is at 1.2400, above this level could bring the price back to 1.2445 area.

GBPUSD 4-hour chart