GBPUSD Daily Analysis – June 11, 2018

GBPUSD broke below the bottom support trend line of the price channel on the 4-hour chart, suggesting that the upside movement from 1.3204 had completed at 1.3472 already. Another fall could be expected and next target would be at 1.3250 area. Resistance is at 1.3472, only a break of this level could trigger another rise towards 1.3550.

GBPUSD 4-hour chart