GBPUSD Daily Analysis – May 30, 2019

GBPUSD is facing 1.2604 support, a breakdown below this level could signal resumption of the downtrend from 1.3176, then further decline to 1.2500 area could be seen. Near term resistance is at 1.2670, a break of this level could bring the price back to next resistance level at 1.2747.