GBP/USD Outlook (27th February 2019)

Livre sterling / Dollar américain (FX:GBPUSD)

FX:GBPUSD Livre sterling / Dollar américain

trendanalysis forex macro technical trend gbpusd

GBP/USD rejected resistance level

Price Movement
Since yesterday, GBP/USD had moved up by around 110pips.

Trend
GBP/USD is trending upwards.

Important Issue
Yesterday, British Prime Minister Theresa May mentioned that Britain will leave the EU without a deal only if Parliament backs it. She also mentioned that if there were to be a Brexit extension, it will be a short one.

Technical
This morning, GBP/USD tested and rejected the resistance level of 1.32872.

Price Levels
Current Price: 1.32389
Next Resistance: 1.32872
Next Support: 1.31675

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