GBPUSD Forex Weekly - 21 - 25 Sept 2020

GBP/USD drops below 1.2900, risk-off sentiment worsens and boosts the haven demand for the US dollar. UK’s health authorities mull lockdown restrictions. Chancellor Sunak may extend business support loans.

Technically, price made a reversal on the key resistance level upper line towards median key support level. Break below median could bring price towards lower line fresh support level at 1.26500