GBPUSD Daily Analysis – January 15, 2019

GBPUSD extended its upside movement from 1.2396 to as high as 1.2930. Further rise is still possible after a minor consolidation and next target would be at 1.3000 area. Near term support is at 1.2810, below this level could bring the price back towards 1.2700.

GBPUSD 4-hour chart