- GBP/USD tested and rejected key level
- GBP/USD testing support level
- U.S. CB Consumer Confidence
Price Movement
Since yesterday, GBP/USD has been moving downwards for around 60pips.
Trend
GBP/USD is on an uptrend.
Macro Background
The Conference Board (CB) Consumer Confidence, which measures the level of a composite index based on surveyed households, is expected to be lower than previous month.
If the data released is worse than expected, USD may weaken.
Important Issue
None.
Technical
Yesterday, GBP/USD tested and rejected the 1.32 level.
Currently, it is testing the support level of 1.31658.
Price Levels
Current Price: 1.31527
Next Resistance: 1.32872
Next Support: 1.31658