Singapore
2020-04-10 14:26
Market analysisGBP/USD Outlook (10 April 2020)
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Market analysis:
Overall, GBP/USD is trending downwards. Recently, GBP/USD has been ranging across.
The UK GDP m/m data (Actual: -0.1%, Forecast: 0.1%, Previous: 0.1% revised from 0.0%) released yesterday was worse than forecasted.
Earlier today, it was reported that the UK Prime Minister Boris Johnson is out of intensive care and has been transferred to the ward.
UK banks will be closed on Monday in observance of Easter Monday. Lower trading volume and volatility is expected during the London trading session.
GBP/USD’s next support level is at 1.22400 and the next resistance level is at 1.25500.
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GBP/USD Outlook (10 April 2020)
Singapore | 2020-04-10 14:26
Overall, GBP/USD is trending downwards. Recently, GBP/USD has been ranging across.
The UK GDP m/m data (Actual: -0.1%, Forecast: 0.1%, Previous: 0.1% revised from 0.0%) released yesterday was worse than forecasted.
Earlier today, it was reported that the UK Prime Minister Boris Johnson is out of intensive care and has been transferred to the ward.
UK banks will be closed on Monday in observance of Easter Monday. Lower trading volume and volatility is expected during the London trading session.
GBP/USD’s next support level is at 1.22400 and the next resistance level is at 1.25500.
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