GBPUSD Weekly Analysis – January 13, 2019

GBPUSD broke above 1.2814 resistance, suggesting that the downside movement from 1.3298 had completed at 1.2396 already. Further rally would likely be seen in a couple of weeks and next target would be at 1.3100 area. Near term support is at 1.2700, below this level could bring the price back to 1.2500 area.

GBPUSD daily chart