GBPUSD Daily Analysis – January 7, 2020

GBPUSD broke above 1.3165 resistance, suggesting that the short term downtrend from 1.3284 had completed at 1.3053 already. Another rise towards 1.3400 would likely be seen over the next several days. Support is at 1.3053, only a breakdown below this level could trigger another fall towards 1.2900.

GBPUSD 4-hour chart