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fxJun 19, 2026, 8:50 AM

GBP/USD Breaks April Trendline, Societe Generale Sees Further Losses

Societe Generale analysts report that GBP/USD has broken below its ascending trendline from April 2025 and is extending declines, pointing to deeper losses ahead.

GBPUSD

Societe Generale analysts, led by Kenneth Broux, note that GBP/USD has broken decisively below its ascending trendline that had been in place since April 2025. The pair is now extending its decline toward levels last seen in March.

The breach of the trendline suggests the previous uptrend has ended, opening the door for further downside. No specific target or support level was mentioned in the report.

Source: FXStreet Forex News