GBPUSD trend analysis Friday, June 25
The pound is involved in long-term resistance
The GBPUSD weekly chart has returned above the 20-day moving average and is facing selling pressures from the broken support line. The GBPUSD daily chart is also under pressure from $ 1,3961 and may fall to support at $ 1,3678. In the four-hour GBPUSD chart, the British pound has returned to support at $ 1.39. This trend rate is consistent with Fibonacci levels. Intensifying sell-offs could push the euro to its first support at $ 1,3859 and then to $ 1,3812.
But if the British pound jumps from current levels, it will face resistance at $ 1.4011 and the next resistance of the pound will be $ 1.4069.