GBPUSD Weekly Analysis – January 19, 2020

GBPUSD is facing 1.2905 support, a breakdown below this level could signal resumption of the downtrend from 1.3514, then further decline to 1.2600 area could be seen. Near term resistance is at 1.3300, a break of this level could trigger another rise towards 1.4000.

GBPUSD daily chart