JinDao_Tai

GBP/USD Outlook (10th May 2019)

FX:GBPUSD   British Pound / U.S. Dollar
  • U.S.-China Trade Tariff takes effect
  • GBP/USD testing support level

Price Movement
Since yesterday, GBP/USD has been moving indecisively within a 70pips range.

Trend
GBP/USD is ranging across.

Important Issue
Concluding the first day of the U.S.-China trade talks, the U.S. proceeds with the tariffs hike on billions of good imported from China.

Technical
GBP/USD is testing the support level of 1.29990.

Price Levels
Current Price: 1.30035
Next Resistance: 1.31675
Next Support: 1.29990

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