GBPUSD Daily Analysis – January 23, 2017

GBPUSD is in consolidation of the uptrend from 1.1986. Range trading between 1.2180 and 1.2415 would likely be seen in a couple of days. Support is at 1.2180, as long as this level holds, the uptrend could be expected to resume, and further rise to 1.2650 area is possible.

gbpusd chart