Daily Outlook of GBP/USD

FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD the pair early gain yesterday after reports surfaced that an initial Brexit deal between the UK and EU was close to being reached but it reversed course after this confirmation that no deal had been reached yet. The losses may be limited for the time being, however, as both May and Juncker were optimistic that an impending agreement was still likely.As technically the pair tend is still looking bullish but for further confirmation the pair need to break daily strong resistance around 1.3550 to retest 1.3650. The current chart patterns shows before going to rally , still there is one more leg down towards to test support around 1.3350/1.3315.


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