GBPUSD Daily Analysis – June 9, 2020

GBPUSD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.2073. As long as the channel support holds, the upside movement could be expected to continue 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