GBPUSD Daily Analysis – June 12, 2020

GBPUSD broke below the bottom of the rising price channel on the 4-hour chart, suggesting that the uptrend from 1.2073 had completed at 1.2812 already. Another fall towards 1.2100 would likely be seen in the coming days. Near term resistance is at 1.2650, only break above this level could trigger another rise towards 1.2800.

GBPUSD 4-hour chart