GBP/USD Outlook (12th July 2019)

• GBP/USD rejected key level
  

Price Movement
Since yesterday, GBP/USD moved down by around 50pips before moving back up by around 25pips.

Trend
Overall, GBP/USD is trending downwards.

Important Issue
None.

Technical
GBP/USD tested and rejected the 1.25 key level.

Price Levels
Current Price: 1.25343
Next Resistance: 1.26000
Next Support: 1.24600