GBPUSD Daily Analysis – June 11, 2020

GBPUSD extended its upside movement from 1.2073 to as high as 1.2812. As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.2900 area. Key support is at 1.2617, a breakdown below this level could bring the price back towards 1.2000.

GBPUSD 4-hour chart