GBPUSD breaks key support
The British pound has broken key support against the US dollar, following British PM Boris Johnson’s remarks over future Brexit negotiations. The GBPUSD pair is under heavy pressure while trading below the 1.3055 resistance level and could suffer further losses. At this stage, only a daily price close back above the 1.3100 level will cause traders to turn bullish towards the GBPUSD pair.
The GBPUSD pair is only bullish while trading above the 1.3100 level, key resistance is found at the 1.3170 and 1.3230 levels.
The GBPUSD pair is only bearish while trading below the 1.3100 level, key support is found at the 1.3000 and 1.2960 levels.