GBPUSD Weekly Analysis – June 25, 2017

GBPUSD is now in downtrend from 1.3047 and the downward movement extended to as low as 1.2589. Further decline could be expected in a couple of weeks and next target would be at 1.2300 area. Near term resistance is at 1.2870, only break above this level could trigger another rise towards 1.3300.

GBPUSD daily chart