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GBP/USD Outlook (19th 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
  • Avoiding prorogation
  • GBP/USD broke key level

Price Movement
Since yesterday, GBP/USD moved up by around 90pips before moving back down by around 45pips.

Trend
Recently, GBP/USD is trending upwards.

Important Issue
Yesterday, the British Members of Parliament voted for an amendment which prevents the upcoming prime minister from suspending Parliament (prorogation) so as to force a no-deal Brexit to happen.

Technical
GBP/USD broke the 1.25 key level.

Price Levels
Current Price: 1.25155
Next Resistance: 1.26000
Next Support: 1.24000
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