GBPUSD 1.2000 possible
The British pound remains under heavy selling pressure against the US dollar, following US President Donald Trump’s bullish comments about the greenback. The GBPUSD pair could revisit the 1.2000 level if the 1.2160 support level is breached with conviction. Overall, short and medium-term sellers have the upper hand while price trades below the 1.2300 resistance level.
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.