GBPUSD Daily Analysis – June 11, 2019

GBPUSD broke below 1.2668 support, suggesting that the short term uptrend from 1.2558 had completed at 1.2762 already. Further decline could be expected in the coming days and next target would be at 1.2558 previous low. Near term resistance is at 1.2710, only break above this level could trigger another rise towards 1.2800.

GBPUSD 4-hour chart