GBPUSD

GBPUSD parity also experienced a sharp decline parallel to EURUSD. EMA20, which we consider as an important support, was also lost. It is trading on the negative side. It may take a while to pull back to the 50-day average of 1.2398. Support: 1.2398 – 1.2378 – 1.2335 Resistance: 1.2505 – 1.2525