The Sterling gained more value versus the US Dollar after UK parliamentary defeat for Prime Minister Boris Johnson. The British parliament voted yesterday to prevent Johnson from taking Britain out of the European Union without a deal on Oct. 31, but rejected his first bid to call a snap election two weeks before the scheduled exit.
The GBPUSD pair is now trading above the daily support level of 1.2205. As long as the price stays above 1.2205 on a daily basis, we will see the resistance level at 1.2268. On the other hand, if the price breaks down below 1.2205, the next support level will be at 1.2110.
Support : 1.2205 - 1.2110 - 1.2024
Resistance : 1.2286 - 1.2364 - 1.2428
05 Sep 19 (Thu)
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