GBPUSD Daily Analysis – June 12, 2018

GBPUSD’s downside movement from 1.3472 extended to as low as 1.3344. Further decline could be expected in the coming days, and next target would be at 1.3250 area. Resistance is at the falling trend line on the 4-hour chart, only a breakout of the trend line resistance could trigger another rise towards 1.3550.

GBPUSD 4-hour chart