GBPUSD Daily Analysis – June 29, 2018

GBPUSD broke below 1.3101 support, suggesting that the downtrend from 1.3472 has resumed. Further decline could be expected in the coming days and next target would be at 1.2900 area. Resistance is at 1.3200, as long as this level holds, the downtrend will continue.

GBPUSD 4-hour chart