GBPUSD TECHNICALS STILL SUPPORT SELLING
The British pound has fallen to a fresh yearly trading-low against the US dollar during the European session, as the recent move lower in sterling shows few signs of stopping. The GBPUSD pair looks set for a fifth-week of declines on Brexit no-deal fears, with price tumbling towards the 1.2840 level. Sellers are likely to target the 1.2810 and 1.2750 levels over the coming sessions.
The GBPUSD pair remains strongly bearish while trading below the 1.2900 level, key support is found at the 1.2810 and 1.2750 levels.
If the GBPUSD pair moves above the 1.2900 resistance level, key intraday resistance remains at the 1.2922 and 1.2955 levels.