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KENJICHEN
May 21, 2019 5:30 AM

0521-GBPUSD Analysis Short

British Pound/U.S. DollarFXCM

Description



GBPUSD
GBPUSD reveal pretty weak situation relative to other currencies, however, it is experienced 6 trading days with downward pressure whether if it can continue the trend will be a critical point to consider.

Moreover, the reliable support level is around 1.2670, so GBPUSD may probably breakdown 1.27 level to find the floor to stand on.

Support: 1.2670
Resistance: 1.2740 / 1.2774
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