GBPUSD Weekly Analysis – June 16, 2019

GBPUSD is facing 1.2558 support, a breakdown below this level could signal resumption of the downtrend from 1.3381, then next target would be at 1.2400 area. Near term resistance is at 1.2762, a breakout of this level could bring the price back towards the bearish trend line on the daily chart.

GBPUSD daily chart