GBPUSD 1.2110 in focus
The British pound has continued to plummet lower against US dollar as Brexit no-deal fears intensify across financial markets. The next key technical support level to watch is the March 2017 trading low, at 1.2110, which provides the foremost support prior to the 1.1985 level. Overall, selling rebound in the GBPUSD pair is the favoured strategy until the 1.1985 level is reached.
The GBPUSD pair is heavily bearish while trading below the 1.2280, key support is found at the 1.2110 and 1.1985 levels.
If the GBPUSD pair trades above the 1.2280 level, key resistance is found at the 1.2350 and 1.2380 levels.