GBP/USD is preparing to resume a decline

GBP/USD remains under the pressure of a downtrend and political risks in the UK after a four-day movement in flat.

We can expect breaking through the support of 1.2250-30 given the continued downward trend in the resumption of British sales against the dollar.

Significant resistance are the levels: 1.2270 and 1.2300, fixing above which cancels expectations for a decline. Support and goals are located at 1.2150, 1.2130 and 1.2100.

Read also: “US and China return to the negotiating table”

Hanzenko Anton

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