GBPUSD Daily Analysis – January 31, 2019

GBPUSD is facing the support of the bullish trend line on the 4-hour chart. As long as the trend line support holds, the pullback from 1.3217 could be treated as consolidation for the uptrend from 1.2396, another rise towards 1.3300 could be expected after the consolidation. Only a breakdown below the trend line support could signal completion of the uptrend.

GBPUSD 4-hour chart