GBPUSD 1.3600 now key
The British pound is attempting to recover higher against the US dollar, after the pair sold-off sharply due to British PM Boris Johnson announcing a new national lockdown. Technical analysis shows that failure to rally above the 1.3660 level could cause technical selling to increase. A breakout below the 1.3540 support level could see the GBPUSD pair falling towards the 1.3420 support area.
The GBPUSD pair is only bullish while trading above the 1.3600 level, key resistance is found at the 1.3660 and the 1.3770 levels.
If the GBPUSD pair trades below the 1.3600, sellers may test the 1.3540 and 1.3420 support levels.