GBPUSD Daily Analysis – January 16, 2019

GBPUSD remains in the uptrend from 1.2396, the pullback from 1.2930 is likely correction for the uptrend. Another rise towards 1.3000 could be expected in the coming days. Near term support is at 1.2780, below this level could bring the price back to 1.2740 area.

GBPUSD 4-hour chart