On Wednesday, the GBP/USD was piercing one support level after another near the 1.2690 mark. Namely, various SMAs and pivot points were being passed.
If the rate passes clearly below the 1.2680 level, it will be expected to fall as low as the 1.2630 level, as between these two technical levels there is no other support level.
However, with the start of a new year expect that the Brexit announcement will resume and start beating the GBP up and down with high volatility.
