Chart of the Day - GBPUSD - (January 7th, 2020) - ForexAnalytix

GBPUSD is in a triangle and looking to break out.

The GBPUSD has tested both sides of the apex of the triangle today with a strong likelihood of a breakout higher or lower in the coming sessions. If you look at the RSI, it is also poised in the same pattern. So, when price breaks higher or lower, look towards the RSi to help confirm the move. 1.2984 would be immediate support on a break lower, and the 1.3284 level is resistance on a break higher.