GBPUSD Daily Analysis – February 1, 2019

GBPUSD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.2396. As long as the trend line support holds, the fall from 1.3217 could be treated as consolidation for the uptrend. Another rise could be expected after the consolidation and next target would be at 1.3300 area. Only a breakdown below the trend line support could signal completion of the uptrend.

GBPUSD 4-hour chart