GBP/USD Outlook (19th July 2019)

• Avoiding prorogation
  
• GBP/USD broke key level
  

Price Movement
Since yesterday, GBP/USD moved up by around 90pips before moving back down by around 45pips.

Trend
Recently, GBP/USD is trending upwards.

Important Issue
Yesterday, the British Members of Parliament voted for an amendment which prevents the upcoming prime minister from suspending Parliament (prorogation) so as to force a no-deal Brexit to happen.

Technical
GBP/USD broke the 1.25 key level.

Price Levels
Current Price: 1.25155
Next Resistance: 1.26000
Next Support: 1.24000