GBP/USD on the back foot

٤ مايو ٢٠٢٠

GBP/USD has been on the back foot amid growing Sino-American tensions. The GBP continues to lose ground & is slipping towards Support at 1.2414, a successful breach could pave the way to support level 2 at 1.2375.

Support: 1.2414 - 1.2375
Resistance: 1.2499 - 1.2545