GBPUSD 1.2920 critical
The British pound has fallen to its weakest trading level against the US dollar since December 20th, 2019, over concerns about British PM Boris Johnson’s hardline stance towards Brexit negotiations. If sellers break critical technical support, around the 1.2920 level, the GBPUSD pair could slump towards the 1.2880 level. At this stage, bulls need to stabilize the pair above the 1.3055 level to avoid further losses.
The GBPUSD pair is only bullish while trading above the 1.3055 level, key resistance is found at the 1.3100 and 1.3170 levels.
The GBPUSD pair is only bearish while trading below the 1.3055 level, key support is found at the 1.2920 and 1.2880 levels.