GBP/USD analysis for January 17, 2019

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GBP/USD finaly made a breakout of the trading range (resistance) at the price of 1.2900 and we got confirmation to go long. There is strong impulsive movement in the background, which is a sign that recent trading range was more resting before new push higher. My advice is to watch for buying opportunities.

Trading recommendations for today: We are long GBP/USD from 1.2900 with upward targets at 1.2960 and 1.3042 and protective stop at 1.2820.

The material has been provided by InstaForex Company - www.instaforex.com