GBPUSD Daily Analysis – June 13, 2018

GBPUSD stays below a falling trend line on its 4-hour chart and remains in the downtrend from 1.3472. Further decline would likely be seen and next target would be at 1.3250 area. On the upside a breakout of the trend line resistance would suggest that the upside movement from 1.3204 has resumed, then the pair would find next resistance level at around 1.3550.

GBPUSD 4-hour chart