GBPUSD – 16/05

British Pound/U.S. Dollar FX:GBPUSD

Bears are taking over but we can see price is currently in support level (green). Realistically, we should see a bounce back up to res level (red). Only factors further pushing GBP down are false MM (market manipulation) surrounding Trump and USD. Of course, fundamentals are always present around GBP, but surely it’s exhausted?

SUP LEVELS: 1.27844 – 1.28098

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