GBPUSD short view

During Asian trading, the British pound continues to stumble against the dollar. Disagreements with the EU over the post-Brexit status of Northern Ireland continue and undermine the credibility of the UK. The European Union has warned that it would be a violation of international law if the United Kingdom took unilateral action regarding the current agreement. Currency traders and investors remain worried about the recession in the United States and beyond, and yesterday the reason was given by the extremely bad sentiment of consumers in the United States. The pound is exchanged for 1.21780 dollars, which is a weakening of the British currency by 0.03% since the beginning of trading last night. For the bearish option, we need a continuation of this negative consolidation. The pound has fallen below the 1.22000 level and could now continue towards the 1.21000 level. If we consider a bullish option, we need a safe return of the pound above the 1.23000 resistance zone. Later, we expect the address of the chairman of the US Federal Reserve, Jerome Powell.