GBPUSD Daily Analysis – January 18, 2019

GBPUSD broke above 1.2930 resistance, suggesting that the uptrend from 1.2396 has resumed. Further rise could be expected in a couple of days and next target would be at 1.3100 area. Support is at 1.2850, as long as this level holds, the uptrend will continue.

GBPUSD 4-hour chart