GBPUSD Daily Analysis – January 22, 2019

GBPUSD stays above the bullish trend line on the 4-hour chart, suggesting that the pair remains in the uptrend from 1.2396. As long as the trend line support holds, 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