GBPUSD Daily Analysis – January 10, 2020

GBPUSD broke below 1.3053 support, suggesting that the upside movement from 1.2905 had completed at 1.3284 already. Further decline could be expected and next target would be at 1.2900 area. Resistance is located at the falling trend line on the 4-hour chart, only break above the trend line resistance could trigger another rise towards 1.3400.

GBPUSD 4-hour chart