GBPUSD Daily Analysis – January 28, 2019

GBPUSD’s upside movement from 1.2396 to as high as 1.3217. 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 1.3300 area. Near term support is at 1.3130, a breakdown below this level could bring the price back towards the trend line.

GBPUSD 4-hour chart