GBPUSD turns bearish 

The British pound has fallen to its weakest trading level against the US dollar since early April 2020, following a breach of the technically important 1.2200 level. Technical analysis shows that a bearish breakout from an ascending triangle pattern has taken place. According to the size of the pattern the GBPUSD pair could fall towards the 1.2000 support level over the short-term.

• The GBPUSD pair is only bearish while trading below the 1.2300 level, key support is found at the 1.2160 and 1.2000 levels. 

• The GBPUSD pair is only bullish while trading above the 1.2300 level, key resistance is found at the 1.2370 and 1.2420 levels.