GBPUSD Weekly Analysis – June 28, 2020

GBPUSD failed to break above the falling trend line on the daily chart and pulled back from 1.2812. However, another rise to test the trend line resistance is possible, and a breakout of 1.2812 level could trigger further upside movement to 1.3350 area. Support is at 1.2073, only a breakdown below this level could bring the price back towards 1.1400.

GBPUSD daily chart