GBPUSD Daily Analysis – July 27, 2020

GBPUSD’s upside movement from 1.2251 extended to as high as 1.2802. Further rise is still possible and next target would be at 1.2900 area. Near term support is at 1.2640, below this level would indicate that consolidation for the uptrend is underway, then the pair would find support at around 1.2550.

GBPUSD 4-hour chart