13 June 2019, OctaFX – The British pound has reversed sharply from the 1.2750 level against the US dollar after the UK Parliament was unable to block a hard-Brexit on Wednesday.
GBPUSD technical analysis
The bullish pattern on the four-hour time frame still remains valid, with the 1.2655 level the foremost support zone. Bulls need to move the price back above the 1.2710 level to install the intraday bullish sentiment towards the GBPUSD pair.
GBPUSD price is only bullish while trading above the 1.2710 level, key resistance is located at the 1.2755 and 1.2820 levels.
GBPUSD price is only bearish while trading below the 1.2710 level, key intraday support remains at the 1.2655 and 1.2610 levels.
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