[DAILY NOTION] TradingView - GBP/USD Forecast - Oct 19, 2020

Overall, GBP/USD is trending upward. Recently, GBP/USD bounced up from the key level of 1.29.

Last Friday, U.K. Prime Minister Boris Johnson said that the time has come to prepare for a no-trade deal Brexit unless the European Union is willing to accept the major changes in the trade deal.

We expect the GBP/USD’s next support zone is at 1.27300 and the next resistance zone is at 1.30400.

We suggest to traders to look for short-term selling opportunities of GBP/USD.

Source: TradingView