GBPUSD broke above 1.2387 resistance, indicating that the downtrend from 1.2774 had completed at 1.2199 already. Further rise could be expected over the next several days and next target would be at 1.2700 area. Support levels are at 1.2270 and 1.2199, only break below these levels could trigger another fall towards 1.2000.
For more short term forex analysis and info visit via GBPUSD Daily Analysis - January 6, 2017 . Thanks for your support.
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