GBPUSD Daily Analysis – January 17, 2019

GBPUSD is facing 1.2930 resistance, a break of this level would indicate that the upside movement from 1.2396 has resumed, then further rise towards 1.3000 could be seen. Near term support is at 1.2780, below this level could bring the price back to 1.2740 area.

GBPUSD 4-hour chart