GBPUSD Weekly Analysis – Sunday, July 19

GBPUSD is facing the resistance of the falling trend line. A breakout of the trend line resistance could trigger further upside movement towards 1.3000.

GBPUSD is facing the resistance of the falling trend line on the daily chart. A breakout of the trend line resistance could trigger further upside movement towards 1.3000.

Near term support is at 1.2450. A breakdown below this level could bring the price back to test 1.2073 support.

GBPUSD daily chart

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