GBPUSD Daily Analysis – June 8, 2020

GBPUSD extended its upside movement from 1.2073 to as high as 1.2730, breaking above 1.2642 resistance. Further rise would likely be seen and next target would be at 1.2900 area. Key support is at 1.2500, only break below this level could trigger another fall towards 1.2000.

GBPUSD 4-hour chart