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GBP/USD Outlook (7th 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
  • GBP/USD rejected key level

Price Movement
Since yesterday, GBP/USD moved down by around 35pips before moving back up by around 45pips.

Trend
GBP/USD is ranging across.

Important Issue
None.

Technical
This morning, GBP/USD tested and rejected the 1.31 key level.

Price Levels
Current Price: 1.31235
Next Resistance: 1.31675
Next Support: 1.29990
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