GBPUSD Daily Analysis – January 22, 2020

GBPUSD moved sideways in a trading range between 1.2954 and 1.3118. 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 1.2800 area. Key resistance is at 1.3118, only break above this level could trigger another rise towards 1.3400.

GBPUSD 4-hour chart