GBPUSD Weekly Analysis – January 20, 2019

GBPUSD’s bounce from 1.2396 extended to as high as 1.3000. Further rally could be expected in a couple of weeks and next target would be at 1.3100 area. Near term support is at 1.2750, a breakdown below this level could bring the price back to 1.2500 area.

GBPUSD daily chart