- Theresa May’s third defeat
- GBP/USD rejected support level
Price Movement
Since last Friday, GBP/USD has been moving indecisively.
Trend
GBP/USD is ranging across.
Important Issue
Last Friday at around 2230 (SGT), the British Parliament once again rejected Theresa May’s Brexit deal with a result of 344-286.
Today, the British Parliament will resume the Brexit debate at around 2130 (SGT). Volatility is expected during this period of time for GBP related pairs.
Technical
Last Friday, GBP/USD tested and rejected the support level of 1.30000.
Price Levels
Current Price: 1.30556
Next Resistance: 1.31675
Next Support: 1.30000
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