GBPUSD AWAITING BREXIT NEWS
The British pound is currently consolidating around the weakest trading levels of the week against the US dollar so far, as British PM Theresa May attempts to save her Brexit plan in Brussels. The GBPUSD pair is also suffering from low volatility, as US markets are away observing Thanksgiving holiday. A clear break below the 1.2732 support level will likely prompt a test of the November trading low, at 1.2695.
The GBPUSD pair is intraday bearish while trading below the 1.2750 level, key technical support remains at the 1.2732 and 1.2695 levels.
If the GBPUSD pair trades above the 1.2790 level, key intraday resistance is now found at the 1.2839 and 1.2882 levels.