GBP/USD Outlook (17th May 2019)

• GBP/USD testing key level
  

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

Trend
GBP/USD is trending downwards.

Important Issue
None.

Technical
Yesterday, GBP/USD tested and rejected the resistance level of 1.28667.
It is currently testing the 1.28 key level.

Price Levels
Current Price: 1.27868
Next Resistance: 1.28667
Next Support: 1.27431