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GBP/USD Outlook (9th October 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
Overall, GBP/USD is trending downwards. Recently, GBP/USD has been ranging across.

The U.K. GDP data will be released tomorrow at 1630 (SGT).
  • GDP m/m (Forecast: 0.0%, Previous: 0.3%)
If the data released is worse than or as forecasted, pound may weaken.

GBP/USD’s next support level is at 1.20000 and the next resistance level is at 1.23000.
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