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](https://www.forexcycle.com/wp-content/uploads/2019/20190602_GBPUSD_1.png)