JinDao_Tai

GBP/USD Outlook (18 November 2019)

FX:GBPUSD   British Pound / U.S. Dollar
Overall, GBP/USD has been ranging across. Recently, GBP/USD trended higher after news of Brexit Party having stepped down from 40 odd seats has been released last Friday. Also, U.K. Prime Minister Boris Johnson said that all Conservative Party candidates who are in the election next month have pledged to back his Brexit deal.
GBP/USD next support level is at 1.27400 and the next resistance level is at 1.29800.
Look for short-term buying opportunities of GBP/USD while keeping in mind that the next resistance level is nearby.

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