GBPUSD Daily Analysis – June 18, 2019

GBPUSD extended its downside movement from 1.2762 to as low as 1.2511. Further decline is still possible after a minor consolidation and next target would be at 1.2400 area. Near term resistance is at 1.2545, a break of this level could bring the price back to 1.2580 area.

GBPUSD 4-hour chart