GBPUSD Daily Analysis – July 24, 2020

GBPUSD extended its upside movement from 1.2251 to as high as 1.2772. Further rise would likely be seen and next target would be at 1.2900 area. Near term support is at 1.2640, a breakdown below this level could bring the price back towards 1.2479 support.

GBPUSD 4-hour chart