The Pound weakened slightly versus the Dollar as no news released yesterday due to banks holiday across Europe, which resulted low volatility and liquidity session. The GBP/USD has been trading downwards since April therefore the momentum is still bearish, the main resistance level on the daily graph is located at 1.4550. Overall, GBP/USD traded with a low of 1.4352 and with a high of 1.4528. Today, Revised GDP is expected at 0.3% vs. 0.2% prior.

 GBP/USD - Last: 1.4365

Resistance

1.4465

1.4530

Support

1.4315

1.4235

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