FX.co ★ GBPUSD challenges major resistance at 1.2670.

analysis from June 7th. Short-term trend remains bullish as price continues making higher highs and higher lows. GBPUSD is now challenging the major horizontal resistance coming from May 2022. So far GBPUSD got rejected once in May when bulls tried to break above it. Will history repeat itself? A rejection at current levels will put GBPUSD under pressure and will push it towards the medium-term support trend line (black trend line).