GBPUSD he market is under bearish pressure at 27-month lows because of the uncertainty of new pm and Brexit. Investor are waiting for positive news of the deal and new PM, Yesterday Job data was good as well but pound under pressure because of support level was broken 1.2450 and key support level 1.2380.
As bears broke below 1.2485 support, the next targets can be located near the 1.2390 and 1.2340 levels. The market is under strong selling pressure as bears are challenging the 1.2400 level. Immediate resistance can be seen at 1.2440 and 1.2480, according to the Technical
Coming weeks expecting some correction upside towards 1.2700 on a weekly base.
http://prntscr.com/og9c51
Good luck
As bears broke below 1.2485 support, the next targets can be located near the 1.2390 and 1.2340 levels. The market is under strong selling pressure as bears are challenging the 1.2400 level. Immediate resistance can be seen at 1.2440 and 1.2480, according to the Technical
Coming weeks expecting some correction upside towards 1.2700 on a weekly base.
http://prntscr.com/og9c51
Good luck