The key level at pound 1.2870
In recent days, the pound is under a lot of pressure. From a technical point of view, the large liquidity pool is around 1.2870. In the coming hours it is worth paying attention to how GBPUSD will behave around this level. An additional positive factor would be positive information about Brexit and the budget planned for the next year. It is also worth paying attention to the dollar index, where I described in detail the potential scenarios in the previous analysis. If it comes to rebound at the pound, the closest targets will be 1.2940, 1.3000 and 1.3060, respectively.
Bartłomiej Chomka
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