GBPUSD Daily Analysis – June 19, 2018

GBPUSD is testing 1.3204 support. A breakdown below this level would indicate that the downtrend from 1.4376 (Apr 17 high) has resumed, then further decline towards 1.3000 could be seen. Resistance is at 1.3320, only a breakout of this level could signal completion of the downtrend.

GBPUSD 4-hour chart