GBPUSD Daily Analysis – January 19, 2018

GBPUSD remains in the uptrend from 1.3458. As long as 1.3741 support holds, the upside movement could be expected to continue and next target would be at 1.4200 area. On the downside, a breakdown below 1.3741 support will signal completion of the uptrend, then the following downside movement could bring price back to next support level at 1.3620. If this level gives way, the pair would find support at 1.3458.

GBPUSD 4-hour chart