Overall, GBP/USD is trending upwards. Recently, GBP/USD rejected the support level of 1.23000 after U.K. Prime Minister Boris Johnson presented his new Brexit proposals to the Parliament, saying that “They do not deliver everything that we would have wished. They do represent a compromise.”
This morning, after reviewing Prime Minister Johnson's new proposals, the EU responded that more work needs to be done on certain parts of the proposals and will give him one week to make amendments.
GBP/USD’s next support level is at 1.23000 and the next resistance level is at 1.25500.
This morning, after reviewing Prime Minister Johnson's new proposals, the EU responded that more work needs to be done on certain parts of the proposals and will give him one week to make amendments.
GBP/USD’s next support level is at 1.23000 and the next resistance level is at 1.25500.