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GBP/USD Outlook (22nd May 2019)

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
  • Second Referendum vote
  • GBP/USD testing key level

Price Movement
Since yesterday, GBP/USD moved up by around 90pips before moving back down by around 145pips.

Trend
GBP/USD is trending downwards.

Important Issue
Yesterday, during her speech, Theresa May announced that the British government will allow a second referendum vote to the Member of Parliaments.

Technical
GBP/USD is testing the 1.27 key level.

Price Levels
Current Price: 1.26694
Next Resistance: 1.27431
Next Support: 1.25622
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