GBPUSD Daily Analysis – January 7, 2019

GBPUSD remains in the uptrend from 1.2396, further rise would likely be seen in a couple of days and next target would be at 1.2814 resistance. Near term support is at 1.2660, only a breakdown below this level could bring the price back to 1.2500 area.

GBPUSD 4-hour chart