GBPUSD Weekly Analysis – June 10, 2017

GBPUSD broke below 1.2756 key support, indicating that the upside movement from 1.2109 had completed at 1.3047 already. Further decline could be expected and next target would be at 1.2300 area. Resistance levels are at 1.2870 and 1.3047, only break above these levels could trigger another rise towards 1.3300.

GBPUSD daily chart