GBPUSD Weekly Analysis – June 30, 2019

After touching 1.2762 resistance, GBPUSD pulled back from 1.2783, suggesting that the pair remains in the downtrend from 1.3381. Further decline towards 1.2400 is still possible over the next several weeks. Only a clear break above 1.2762 resistance could bring the price back towards the falling trend line on the daily chart.

GBPUSD daily chart