GBPUSD Daily Analysis – June 8, 2018

GBPUSD extended its upside movement from 1.3204 to as high as 1.3472. Another rise could be expected after a minor consolidation and next target would be at 1.3550 area. Near term support is at the bottom of the rice channel on the 4-hour chart and the key support is at 1.3370, only a breakdown below this level could signal completion of the uptrend.

GBPUSD 4-hour chart