GBPUSD Daily Analysis – July 15, 2020

GBPUSD extended its downside movement from 1.2669 to as low as 1.2479. Further decline is still possible and next target would be at 1.2400 area. Near term resistance is at 1.2600, a break of this level could trigger another rise towards 1.2800.

GBPUSD 4-hour chart