GBPUSD Daily Analysis – June 20, 2019

GBPUSD broke above 1.2605 resistance, suggesting that the downside movement from 1.2762 had completed at 1.2505 already. Further rally could be expected and next target would be at 1.2750 area. Support is at 1.2580, only break below this level could trigger another fall towards 1.2400.

GBPUSD 4-hour chart