GBPUSD Daily Analysis – July 28, 2020

GBPUSD extended its upside movement from 1.2251 to as high as 1.2902, breaking above 1.2812 resistance. Further rise could be expected after a minor consolidation and next target would be at 1.3000 area. Near term support is at 1.2760, a breakdown below this level could bring the price back to 1.2550 area.

GBPUSD 4-hour chart