- Brexit Finale
- GBP/USD testing resistance level
Price Movement
Since yesterday, GBP/USD moved down by around 85pips before moving back up by around 20pips.
Trend
Recently, GBP/USD is trending downwards.
Important Issue
The British MPs will be voting on Brexit one last time in early June. If the outcome is another rejection, Britain will either leave EU with no deal or Article 50 will be revoked (a.k.a. canceling Brexit).
In the meantime, Tory rebels and the Democratic Unionist Party (DUP) promise to vote against May’s proposal in June.
Technical
GBP/USD is testing the resistance level of 1.28667.
Price Levels
Current Price: 1.28490
Next Resistance: 1.28667
Next Support: 1.27431
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