The British pound has slumped to a fresh weekly trading low against the US dollar as reports surface that British Prime Minister Boris Johnson may call for a UK General Election next week. The GBPUSD pair has a negative intraday bias while trading below the 1.2850 level. The GBPUSD pair is likely to be sold heavily on any rallies back towards the 1.2890 resistance level.
• If the GBPUSD pair trades above the 1.2850 level, key resistance is found at the 1.2890 and 1.2920 levels.
• If the GBPUSD pair trades below the 1.2850 level, key support is found at the 1.2770 and 1.2720 levels
• If the GBPUSD pair trades above the 1.2850 level, key resistance is found at the 1.2890 and 1.2920 levels.
• If the GBPUSD pair trades below the 1.2850 level, key support is found at the 1.2770 and 1.2720 levels
