- Progress in Trade War
- GBP/USD testing key level
Price Movement
Since yesterday, GBP/USD has been moving indecisively within a 45pips range.
Trend
Overall, GBP/USD is ranging across.
Important Issue
Yesterday, during an interview with CNBC, US Treasury Secretary Steven Mnuchin expressed optimism in the US-China Trade War, saying that that he is hopeful that they can move forward with a plan and that they are “90% of the way there”, hinting that a deal may be coming up soon.
Technical
GBP/USD is testing the 1.27 key level.
Price Levels
Current Price: 1.26799
Next Resistance: 1.27400
Next Support: 1.26000