GBPUSD Daily Analysis – July 16, 2020

GBPUSD is facing 1.2669 resistance. A breakout of this level could signal resumption of the uptrend from 1.2251, then next target would be at 1.2800 area. Support is at 1.2479, below this level would confirm that the upside movement had completed at 1.2669 already, then another fall towards 1.2250 could be seen.

GBPUSD 4-hour chart