GBP/USD Outlook (27 May 2020)

FX:GBPUSD   British Pound / U.S. Dollar
Overall, GBP/USD is trending downwards. Recently, GBP/USD moved higher, breaking the resistance level of 1.22400.

Yesterday, Bank of England (BoE) Chief Economist Andy Haldane said that the central bank is not close to taking up negative interest rates as a measure to cope with COVID-19.

GBP/USD’s next support level is at 1.22400 and its next resistance level is at 1.24400.
Look for short-term buying opportunities of GBP/USD .


this is my 4hr chart for gbp usd
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