- U.K. Parliament Brexit Vote
- GBP/USD testing key level
Price Movement
Since yesterday, GBP/USD moved down by around 200pips, followed by an upward move of around 140pips before coming back down by around 60pips.
Trend
GBP/USD is currently trending downwards.
Important Issue
This morning at around 0322 (SGT), the Brexit voting ended with the result of 242 votes for the deal and 391 votes against the deal, thus suffering a rejection of the deal by the British parliament.
Technical
Yesterday, GBP/USD broke the support level of 1.31675 and the 1.31 key level.
Currently, it is testing the 1.31 key level.
Price Levels
Current Price: 1.30888
Next Resistance: 1.31675
Next Support: 1.30000