Overall, GBP/USD is trending downwards. Recently, GBP/USD broke the support level of 1.22400.
Yesterday, Bank of England Governor Bailey said in a webinar that the central bank is currently not considering negative interest rates as an option.
Currently, GBP/USD is bouncing off the resistance level of 1.22400 and the next support level is at 1.20800.
Look for short-term selling opportunities of GBP/USD if it bounces off the resistance level of 1.22400.
Yesterday, Bank of England Governor Bailey said in a webinar that the central bank is currently not considering negative interest rates as an option.
Currently, GBP/USD is bouncing off the resistance level of 1.22400 and the next support level is at 1.20800.
Look for short-term selling opportunities of GBP/USD if it bounces off the resistance level of 1.22400.