GBPUSD Daily Analysis – May 29, 2018

GBPUSD stays in a falling price channel on its 4-hour chart and remains in the downtrend from 1.3617. As long as the price is in the channel, the downside movement could be expected to continue and next target would be at 1.3150 area. Only a clear break above the channel resistance could signal completion of the downtrend.

GBPUSD 4-hour chart