GBPUSD Daily Analysis – January 13, 2020

GBPUSD remains in the downtrend from 1.3284. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next target would be at 1.2900 area. On the upside, a breakout of the trend line resistance would indicate that the downtrend had completed at 1.3013 already, then another rise towards 1.3300 could be seen.

GBPUSD 4-hour chart