The Sterling dropped versus the US Dollar yesterday. U.K. government blamed German Chancellor Angela Merkel of making any type of Brexit agreement impossible.
The main support level of 1.2205 is critical in the GBPUSD pair. 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
09 Oct 19 (Wed)
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