The British pound remains under the pressure

Despite the fact that the British government received a postponement of the Brexit date, the British pound remains under the pressure. Not least due to the preservation of risks for Brexit and the US-EU trade relations (which also includes the United Kingdom). Therefore, the growth of risks in the euro area will affect the British pound first of all .

GBP/USD pair maintains the downward trend of recent weeks. Significant resistance is the level of 1.3110-20, which is expected to repulse.

Deals for sale should be considered in the range of 1.3050-20.

The goals in this case are located at the support levels: 1.2960 and 1.2930. Resistance is located at the levels: 1.3110 and 1.3150.

Read also: “The US Trade War 2.0. New Facts”

Hanzenko Anton

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