GBP/USD Outlook (24th July 2019)
British Pound/U.S. DollarFXCM
Description
⋅ - New British Prime Minister
- GBP/USD moving towards support level
Price Movement
Since yesterday, GBP/USD moved down by around 30pips.
Trend
GBP/USD is trending downwards.
Important Issue
Yesterday, Boris Johnson defeated Jeremy Hunt in the leadership contest, becoming the new Prime Minister of the UK.
Technical
GBP/USD is moving towards the support level of 1.24000.
Price Levels
Current Price: 1.24324
Next Resistance: 1.26000
Next Support: 1.24000