GBPUSD Weekly Analysis – January 26, 2020

GBPUSD moved sideways in a trading range between 1.2905 and 1.3284. Support is at 1.2905, a breakdown below this level would confirm that the upside movement from 1.1958 had completed at 1.3514 already, then further decline to 1.2600 area could be seen. Resistance is at 1.3284, above this level could trigger another rise towards 1.3700.

GBPUSD daily chart