GBPUSD – the British pound has recently experienced ups and downs, responding to new and often contradictory information that reaches the public about the form of the UK’s exit from the European Union. There are only 5 weeks left before the UK leaves the EU, and it still doesn’t seem that Boris Johnson went even one step further from his predecessor Theresa May on the subject of what divorce from the EU should look like… A lot of talking and threatening – it’s the only thing BoJo has offered his voters so far. He did not succeed in the scam to close the parliament – the Supreme Court unequivocally declared the illegality of the incumbent prime minister.

GBPUSD H4

Looking at the pound’s ratings from a purely technical point of view, one can see that after reaching the “bottom” of the year at the beginning of September (1.1955), the price jumped quite rapidly and in recent weeks moved in the growth channel. Yesterday a return to declines began, the price broke down from the channel and this direction will probably be maintained in the coming sessions.
The nearest demand zone starting at 1.2320 is the first supply target, and if it is defeated, we can expect an attack at 1.22, where there is an important level of support and resistance. From the top, however, possible increases are limited by the channel support defeated yesterday.


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