GBPUSD Analysis
Rejection of the eight Brexit proposals initially weakened the GBP but increased chances of PM May’s proposal being accepted.
GBP/USD has 1.3240 and 1.3280 are nearby resistances to clear ahead of aiming 1.3310 and 1.3380 whereas 50-day simple moving average (SMA) near 1.3080 becomes crucial downside support as a break of which highlights 200-day SMA level of 1.2980.
GBP/USD has 1.3240 and 1.3280 are nearby resistances to clear ahead of aiming 1.3310 and 1.3380 whereas 50-day simple moving average (SMA) near 1.3080 becomes crucial downside support as a break of which highlights 200-day SMA level of 1.2980.
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