GBPUSD Daily Analysis – June 19, 2019

GBPUSD’s downside movement from 1.2762 extended to as low as 1.2505. Range trading between 1.2505 and 1.2605 would likely be seen in a couple of days. As long as 1.2605 resistance holds, the downtrend could be expected to resume, further decline to 1.2400 area is still possible.

GBPUSD 4-hour chart