GBPUSD Weekly Analysis – June 23, 2019

GBPUSD is facing 1.2762 resistance, a breakout of this level could trigger further upside movement towards the falling trend line on the daily chart. However, as long as 1.2762 resistance holds, the bounce from 1.2505 could be treated as consolidation for the downtrend from 1.3381, further decline to 1.2400 area is still possible after the consolidation.

GBPUSD daily chart