GBPUSD Daily Analysis – January 6, 2020

GBPUSD’s downside movement from 1.3284 extended to as low as 1.3053. Further decline would likely be seen after a minor consolidation and next target would be at 1.2900 area. Near term resistance is at 1.3165, only break above this level could trigger another rise towards 1.3400.

GBPUSD 4-hour chart