GBPUSD Weekly Analysis – June 2, 2019

GBPUSD’s downside movement from 1.3381 extended to as low as 1.2558. Further decline could be expected in a couple of weeks and next target would be at 1.2400 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