GBP/USD Outlook (27th June 2019)

• Progress in Trade War
  
• GBP/USD testing key level
  

Price Movement
Since yesterday, GBP/USD has been moving indecisively within a 45pips range.

Trend
Overall, GBP/USD is ranging across.

Important Issue
Yesterday, during an interview with CNBC, US Treasury Secretary Steven Mnuchin expressed optimism in the US-China Trade War, saying that that he is hopeful that they can move forward with a plan and that they are “90% of the way there”, hinting that a deal may be coming up soon.

Technical
GBP/USD is testing the 1.27 key level.

Price Levels
Current Price: 1.26799
Next Resistance: 1.27400
Next Support: 1.26000