GBPUSD Daily Analysis – January 8, 2019

GBPUSD extended its upside movement from 1.2396 to as high as 1.2788, facing the key resistance level at 1.2814, above this level could trigger further upside movement to 1.2900 area. Near term support is at 1.2715, a breakdown below this level could bring the price back to 1.2550 area.

GBPUSD 4-hour chart