GBPUSD Daily Analysis – June 15, 2018

GBPUSD’s downside movement from 1.3472 extended to as low as 1.3251. Deeper decline to test 1.3204 support could be expected and a breakdown below this level could trigger further downside movement towards 1.3000 area. Resistance is at 1.3320, as long as this level holds, the downtrend will continue.

GBPUSD 4-hour chart