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GBP/USD Outlook (8th July 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 support level

Price Movement
Since last Friday, GBP/USD moved down by around 100pips before moving back up by around 50pips.

Trend
Recently, GBP/USD has been trending downwards.

Important Issue
None.

Technical
GBP/USD tested and rejected the support level of 1.25000.

Price Levels
Current Price: 1.25313
Next Resistance: 1.26000
Next Support: 1.25000
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