GBPUSD Daily Analysis – June 26, 2019

GBPUSD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 1.2505 had completed at 1.2783 already. Further decline could be expected over the next several days and next target would be at 1.2550 area. Resistance is at 1.2783, only break above this level could trigger another rise to 1.2850 area.

GBPUSD 4-hour chart