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GBP/USD Outlook (26th February)

British Pound / U.S. Dollar (FX:GBPUSD)  
JinDao_Tai  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Forex macro technical trend GBPUSD
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trendanalysis forex macro technical trend gbpusd
  • GBP/USD broke key level
  • Brexit to be delayed

Price Movement
Since yesterday, GBP/USD moved up by around 50pips.

Trend
GBP/USD is currently moving on an uptrend.

Important Issue
This morning at around 0600 (SGT), British Prime Minister Theresa May is said to consider delaying Brexit so as to avoid a no-deal Brexit. Further discussions on this matter will be held in a Cabinet discussion this today.

Technical
This morning, GBP/USD broke the 1.31 key level.
Currently, GBP/USD is moving towards the resistance level of 1.31675.

Price Levels
Current Price: 1.31256
Next Resistance: 1.31675
Next Support: 1.30000
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