Current level – 1.1276
The 1.1350 resistance test failed, with bullish sentiments becoming limited just before reaching the mentioned level. The bears managed to regain strength and pushed the trade below the support level at 1.1285. Potential strengthening of negative sentiments may lead to a test of the main support zone at 1.1190.
Current level – 107.64
After the unsuccessful test of the support zone at 107.25, we once more witnessed the movement going back in the narrow range between 107.25 – 107.80. The currency pair cannot find a clear direction and, at the moment, investors are cautious and expect news related to the development of the COVID-19 pandemic and its accompanying consequences for the global economy.
Current level – 1.2553
The pound managed to briefly jump over the resistance level of 1.2550 and, at the moment, we cannot consider that the breakthrough is completed. Positive sentiment is still relevant after the British Prime Minister Boris Johnson said that the United Kingdom was ready to leave Europe even without a deal. This was the reason for the push in a positive direction over the past session. The next more important resistance in front of the bulls is the level of 1.2665, followed by that of 1.2785.