GBPUSD STRONGLY BEARISH BELOW 1.2722 LEVEL

The British pound has tumbled below the 1.2700 level against the greenback, as Brexit concerns and US dollar strength weigh on sterling. The GBP/USD has also fallen to a fresh 2018 trading low and retains a strong bearish bias while trading below the 1.2722 level. Sellers will likely target the 1.2650 support level while buyers need to stabilise price above the 1.2775 resistance level.

The GBPUSD pair is strongly bearish while trading below the 1.2722 level, key support is found at the 1.2650 and 1.2610 levels.

If the GBPUSD pair moves above the 1.2722 level, key intraday resistance is found at the 1.2740 and 1.2775 levels.