GBPUSD Daily Analysis – January 2, 2020

GBPUSD extended its upside movement from 1.2905 to as high as 1.3284. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.3400 area, only break below the trend line support could signal completion of the uptrend.

GBPUSD 4-hour chart