GBPUSD Weekly Analysis – May 26, 2019

GBPUSD extended its downside movement from 1.3381 to as low as 1.2604. Further decline is still possible after a minor consolidation and next target would be at 1.2500 area. Key resistance is at 1.2813, a break of this level could bring the price back towards the falling trend line on the daily chart.

GBPUSD daily chart