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GBP/USD Outlook (27th 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
  • U.S. Bank Holiday
  • GBP/USD testing resistance level

Price Movement
Since last Friday, GBP/USD moved up by around 75pips.

Trend
Overall, GBP/USD is trending downwards.

Important Issue
Today is U.S. Memorial Day. As U.S. banks will be on holiday, expect lower than usual trading volume and volatility.

Technical
GBP/USD is testing the resistance level of 1.27431.

Price Levels
Current Price: 1.27381
Next Resistance: 1.27431
Next Support: 1.25622
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