The British pound has slumped to its lowest trading level in over three years during the European trading session as UK PM Boris Johnson threatened to call a General Election on October 14th. The GBPUSD pair has crashed below the 1.2000 level, taking-out the 1.1980 support zone. The 1.1930 and 1.1880 levels are currently the strongest forms of technical support under the 1.1980 level.
The GBPUSD pair is heavily bearish while trading below the 1.2000, key support is found at the 1.1930 and 1.1880 levels.
If the GBPUSD pair trades above the 1.2000 level, key resistance is found at the 1.2020 and 1.2070 levels.
