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GBP/USD Outlook (14th 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
  • China retaliates
  • GBP/USD broke support level

Price Movement
Since yesterday, GBP/USD moved up by around 30pips before moving back down by around 80pips.

Trend
GBP/USD is ranging across.

Important Issue
Yesterday, China retaliated to U.S.’ tariff action by announcing that it will raise tariffs on U.S. goods starting from 1st June.

Technical
This morning, GBP/USD broke the support level of 1.30000.

Price Levels
Current Price: 1.29606
Next Resistance: 1.30000
Next Support: 1.28667
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