GBP/USD Outlook (18th June 2019)

FX:GBPUSD   British Pound / U.S. Dollar

Price Movement
Since yesterday, GBP/USD moved down by around 65pips.

GBP/USD is trending downwards.

Important Issue
This morning, British television channel ITV reported that British finance minister Philip Hammond is “prepared to resign” over Prime Minister Theresa May’s spending plans.

Yesterday, GBP/USD tested and broke the resistance level of 1.26000.

Price Levels
Current Price: 1.25292
Next Resistance: 1.26000
Next Support: 1.25000
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