GBPUSD Daily Analysis – January 24, 2019

GBPUSD broke above 1.3000 resistance and extended its upside movement from 1.2396 to as high as 1.3094. Further rise is still possible after a minor consolidation and next target would be at 1.3200 area. Near term support is at 1.3000, below this level could bring the price back towards the bullish trend line on the 4-hour chart.

GBPUSD 4-hour chart