GBP/USD Outlook (27th May 2019)
British Pound/U.S. DollarFXCM
Description
⋅ - U.S. Bank Holiday
- GBP/USD testing resistance level
Price Movement
Since last Friday, GBP/USD moved up by around 75pips.
Trend
Overall, GBP/USD is trending downwards.
Important Issue
Today is U.S. Memorial Day. As U.S. banks will be on holiday, expect lower than usual trading volume and volatility.
Technical
GBP/USD is testing the resistance level of 1.27431.
Price Levels
Current Price: 1.27381
Next Resistance: 1.27431
Next Support: 1.25622