GBPUSD Daily Analysis – January 24, 2014

GBPUSD broke above 1.6593 resistance, suggesting that the uptrend from 1.5854 (Nov 12, 2013 low) has resumed. Further rise could be expected, and next target would be at 1.6800 area. Support is now at 1.6550, as long as this level holds, the uptrend from 1.6309 will continue.

gbpusd chart