Technical Analysis of GBP/USD for July 03, 2017

This pair currently standing on pivot level and also it looks like sideways, in this situation its too hard to determine about market trend, so that i think we should wait for getting strong trend line, i think it is better to wait until breaking 1st support 1.2971 level or 1st resistance 1.3055 level.

By observation on technical indicators and moving averages we can see this pair currently looks like strong bearish trend, so that i think for today it will continue to go on downside, but we will enter after breaking daily 1st support 1.2971 level.

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