GBPUSD Daily Analysis – June 27, 2018

GBPUSD broke below 1.3200 support, suggesting that the bounce from 1.3101 had completed at 1.3314 already. Deeper decline to test 1.3101 support could be expected in the coming days, and a breakdown below this level could trigger further downside movement towards 1.3000. Resistance is at 1.3314, only a breakout of this level could take the price back into 1.3400 zone.

GBPUSD 4-hour chart