JinDao_Tai

GBP/USD Outlook (27 May 2020)

FX:GBPUSD   British Pound / U.S. Dollar
Overall, GBP/USD is trending downwards. Recently, GBP/USD moved higher, breaking the resistance level of 1.22400.

Yesterday, Bank of England (BoE) Chief Economist Andy Haldane said that the central bank is not close to taking up negative interest rates as a measure to cope with COVID-19.

GBP/USD’s next support level is at 1.22400 and its next resistance level is at 1.24400.
Look for short-term buying opportunities of GBP/USD.

Free trading community: discord.gg/b7X35tDD4T

Trading Course in Dubai www.jindaotai.com/apt-june
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.