GBPUSD Daily Analysis – July 22, 2020

GBPUSD extended its upside movement from 1.2251 to as high as 1.2767. Further rise would likely be seen after a minor consolidation and next target would be at 1.2900 area. Near term support is at 1.2650, a breakdown below this level could bring the price back towards 1.2479 support.

GBPUSD 4-hour chart