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JinDao_Tai
May 22, 2019 7:42 AM

GBP/USD Outlook (22nd May 2019) 

British Pound/U.S. DollarFXCM

Description

  • Second Referendum vote
  • GBP/USD testing key level


Price Movement
Since yesterday, GBP/USD moved up by around 90pips before moving back down by around 145pips.

Trend
GBP/USD is trending downwards.

Important Issue
Yesterday, during her speech, Theresa May announced that the British government will allow a second referendum vote to the Member of Parliaments.

Technical
GBP/USD is testing the 1.27 key level.

Price Levels
Current Price: 1.26694
Next Resistance: 1.27431
Next Support: 1.25622
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