GBPUSD Daily Analysis – June 20, 2018

GBPUSD broke below 1.3204 support and extended its downside movement from 1.3472 to as low as 1.3150. Further decline could be expected and next target would be at 1.3000 area. Resistance is now at 1.3298, as long as this level holds, the downtrend will continue.

GBPUSD 4-hour chart