GBPUSD Daily Analysis – January 21, 2019

GBPUSD remains in the uptrend from 1.2396, the fall from 1.3000 is likely consolidation for the uptrend. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.3100 area. Only a breakdown below the trend line support could signal completion of the uptrend.

GBPUSD 4-hour chart