GBPUSD Analysis 01 Jun 20

The Sterling has extended gains versus the US Dollar in the Asian Trading Session. Focus on the daily support level of 1.2364. If the GBPUSD pair stays above 1.2364 on a daily basis, we will watch the 1.2428 resistance level. Otherwise, if the price breaks down below 1.2364, the support levels can be seen at 1.2286 and 1.2205. 

Support : 1.2286 - 1.2205 - 1.2110 

Resistance : 1.2364 - 1.2428 - 1.2502