GBPUSD Daily Analysis – January 23, 2019

GBPUSD is facing the resistance at 1.3000, a break of this level would indicate that the upside movement from 1.2396 has resumed, then next target would be at 1.3100 area. Support is located at the bullish trend line on the 4-hour chart, only a clear break below the trend line support could signal completion of the uptrend.

GBPUSD 4-hour chart