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GBP/USD Outlook (27 March 2020)

Livre sterling / Dollar américain (FX:GBPUSD)  
JinDao_Tai  
FX:GBPUSD   Livre sterling / Dollar américain
Trend Analysis Forex macro technical trend GBPUSD
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trendanalysis forex macro technical trend gbpusd
Overall, GBP/USD is trending downwards. Recently, GBP/USD trended higher, breaking the resistance level of 1.21000.
Yesterday, the Bank of England (BoE) held interest rate unchanged at 0.10%. No change to the amount of asset purchase was made.
Currently, GBP/USD is bouncing off the resistance level of 1.22745 and the next support level is at 1.21000.
Stay out of GBP/USD for now.
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