GBPUSD Daily Analysis – January 30, 2019

GBPUSD remains in the uptrend from 1.2396, the pullback from 1.3217 could be treated as 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 1.3300 area. Only a clear beak below the trend line support could signal completion of the uptrend.

GBPUSD 4-hour chart