GBPUSD Daily Analysis – June 6, 2018

GBPUSD stays above a rising trend line on its 4-hour chart and remains in the uptrend from 1.3204. As long as the trend line support holds, the uptrend could be expected to continue and next target would be at 1.3500 area. Only a clear break below the trend line support would suggest that the upside movement is complete, then another fall towards 1.3000 could be seen.

GBPUSD 4-hour chart