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GBP/USD Outlook (24th 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
  • New British Prime Minister
  • GBP/USD moving towards support level

Price Movement
Since yesterday, GBP/USD moved down by around 30pips.

Trend
GBP/USD is trending downwards.

Important Issue
Yesterday, Boris Johnson defeated Jeremy Hunt in the leadership contest, becoming the new Prime Minister of the UK.

Technical
GBP/USD is moving towards the support level of 1.24000.

Price Levels
Current Price: 1.24324
Next Resistance: 1.26000
Next Support: 1.24000
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