GBPUSD Daily Analysis – July 13, 2020

GBPUSD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.2251. As long as the channel support holds, the upside movement could be expected to continue and next target would be at 1.2750 area, only a breakdown below the channel support could signal completion of the uptrend.

GBPUSD 4-hour chart