GBPUSD Weekly Analysis – June 8, 2019

GBPUSD stays below a falling trend line on the daily chart and remains in the downtrend from 1.3381. Further decline is still possible after a minor consolidation and next target would be at 1.2300 area. Near term resistance is at 1.2813, a break of this level could bring the price back towards the trend line.

GBPUSD daily chart