JinDao_Tai

GBP/USD Outlook (16th August 2019)

FX:GBPUSD   British Pound / U.S. Dollar
Overall, GBP/USD is trending downwards. Yesterday, after the release of the positive British retail sales data, GBP/USD strengthened and tested the key level of 1.21 for the fourth time and had just broken upwards. The recent movement for GBP/USD is leaning towards an uptrend.

GBP/USD is currently moving towards the resistance level of 1.22000 and the next support level is 1.20000.

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