GBPUSD Daily Analysis – June 28, 2017

GBPUSD moved above 1.2817 resistance, indicating that the downtrend from 1.3047 had completed at 1.2589 already. Further rally would likely be seen and next target would be at 1.2950 area. Near term support is at the ascending trend line on its 4-hour chart, as long as the trend line support holds, the uptrend from 1.2589 will continue.

GBPUSD 4-hour chart