The British pound has crashed below 2019 yearly low against the US dollar as concerns over the health of the UK economy continue to hurt the pair. The GBPUSD pair could fall towards the 1.1400 and possibly the 1.1300 support level now that the 1.1950 level has been broken. Overall, the medium-term picture for the GBPUSD pair is currently extremely bearish.
The GBPUSD pair is only bearish while trading below the 1.2080 level, key support is found at the 1.1400 and 1.1300 levels.
The GBPUSD pair is only bullish while trading above the 1.2080 level, key resistance is found at the 1.2210 and 1.2290 levels.
