GBPUSD Weekly Analysis – January 28, 2018

GBPUSD extended its upside movement from 1.3027 to as high as 1.4345. Further rise is still possible after a minor consolidation and next target would be at 1.4500 area. Near term support is at 1.4000, only a breakdown below this level could bring price back to next support level at 1.3800 area. Below this level would aim the bullish trend line on the daily chart.

GBPUSD daily chart