GBPUSD Weekly Analysis – June 17, 2017

GBPUSD broke below 1.2755 support and is now in downtrend from 1.3047. Further decline would likely be seen over the next several weeks, 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