GBP/USD Outlook (7th June 2019)

• GBP/USD testing key level
  

Price Movement
Since yesterday, GBP/USD moved up by around 60pips before moving back down by around 45pips.

Trend
Overall, GBP/USD is trending downwards.

Important Issue
None.

Technical
GBP/USD is testing the 1.27 key level.

Price Levels
Current Price: 1.26948
Next Resistance: 1.27431
Next Support: 1.25622