FX:GBPUSD   British Pound / U.S. Dollar
The British pound has performed a sharp reversal from the 1.2770 level against the US dollar after the chances British PM Boris Johnson securing a majority Parliament victory increased. Continued strength above the 1.2880 level is now needed to secure an important technical test of the 1.2940 resistance level . Overall, the GBPUSD pair could have formed an important technical bottom during its recent decline to 1.2770.

• If the GBPUSD pair trades above the 1.2880 level, key resistance is found at the 1.2940 and 1.3000 levels.
• If the GBPUSD pair trades below the 1.2880 level, key support is found at the 1.2850 and 1.2810 levels.
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