GBPUSD Weekly Analysis – February 2, 2019

GBPUSD’s upside movement from 1.2396 extended to as high as 1.3217. Support is at 1.2940, as long as this level holds, the upside movement could be expected to continue and next target would be at 1.3500 area. Only a breakdown below 1.2940 support could signal completion of the uptrend.

GBPUSD daily chart