GBP/USD Outlook (18th June 2019)

• Finance minister next to resign?
  
• GBP/USD broke resistance level
  

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

Trend
GBP/USD is trending downwards.

Important Issue
This morning, British television channel ITV reported that British finance minister Philip Hammond is “prepared to resign” over Prime Minister Theresa May’s spending plans.

Technical
Yesterday, GBP/USD tested and broke the resistance level of 1.26000.

Price Levels
Current Price: 1.25292
Next Resistance: 1.26000
Next Support: 1.25000