GBP/USD Outlook (1st April 2019)

• Theresa May’s third defeat
  
• GBP/USD rejected support level
  

Price Movement
Since last Friday, GBP/USD has been moving indecisively.

Trend
GBP/USD is ranging across.

Important Issue
Last Friday at around 2230 (SGT), the British Parliament once again rejected Theresa May’s Brexit deal with a result of 344-286.
Today, the British Parliament will resume the Brexit debate at around 2130 (SGT). Volatility is expected during this period of time for GBP related pairs.

Technical
Last Friday, GBP/USD tested and rejected the support level of 1.30000.

Price Levels
Current Price: 1.30556
Next Resistance: 1.31675
Next Support: 1.30000