GBPUSD Daily Analysis – June 17, 2019

GBPUSD broke below 1.2652 support and extended its downside movement from 1.2762 to as low as 1.2580. Further decline to test 1.2558 support could be expected, a breakdown below this level could take the price to 1.2500 area. Resistance is at 1.2640, a break of this level could trigger another rise to 1.2720 area.

GBPUSD 4-hour chart