GBPUSD Daily Analysis – February 1, 2017

GBPUSD is facing 1.2600 resistance, a break of this level will signal resumption of the uptrend from 1.1986, then further rise to 1.2800 area could be seen. Support is now at 1.2412, a breakdown below this level will confirm that the uptrend had completed at 1.2673 already, then the following downward movement could bring price to 1.2100 zone.

gbpusd chart