GBPUSD Daily Analysis – June 15, 2020

GBPUSD extended its downside movement from 1.2812 to as low as 1.2473. Further decline would likely be seen and next target would be at 1.2300 area. Near term resistance is at 1.2600, a break of this level could bring the price back towards 1.2800.

GBPUSD 4-hour chart