GBP/USD Outlook (13th June 2019)

• Possibility of no-deal Brexit
  
• GBP/USD testing key level
  

Price Movement
Since yesterday, GBP/USD moved up by around 40pips before moving back down by around 80pips.

Trend
GBP/USD is ranging across.

Important Issue
Yesterday, the U.K. House of Commons voted to reject the Opposition Day Business of the House Motion (Ayes: 298, Noes: 309), a motion that prevents a no deal Brexit.

Technical
GBP/USD is testing the 1.27 key level.

Price Levels
Current Price: 1.26781
Next Resistance: 1.27431
Next Support: 1.25622