GBPUSD Daily Analysis – January 21, 2020

GBPUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.3284. Further decline could be expected and next target would be at 1.2800 area. Key resistance is at 1.3118, only break above this level could trigger another rise towards 1.3400.

GBPUSD 4-hour chart