- GBP/USD broke key level
- Brexit to be delayed
Price Movement
Since yesterday, GBP/USD moved up by around 50pips.
Trend
GBP/USD is currently moving on an uptrend.
Important Issue
This morning at around 0600 (SGT), British Prime Minister Theresa May is said to consider delaying Brexit so as to avoid a no-deal Brexit. Further discussions on this matter will be held in a Cabinet discussion this today.
Technical
This morning, GBP/USD broke the 1.31 key level.
Currently, GBP/USD is moving towards the resistance level of 1.31675.
Price Levels
Current Price: 1.31256
Next Resistance: 1.31675
Next Support: 1.30000