GBPUSD Daily Analysis – June 13, 2017

GBPUSD remains in downtrend from 1.3047, the rise from 1.2634 could be treated as consolidation of the downtrend. Further decline could be expected after a minor consolidation and next target would be at around 1.2500. Resistance is at 1.2850, only a break of this level could signal completion of the downtrend.

GBPUSD 4-hour chart