Overall, GBP/USD is trending upwards. Recently, GBP/USD trended upwards based on various news on a Brexit deal.
Please note that a special UK parliamentary session will take place this Saturday, 19 October 2019, where a vote may be held on any Brexit deal achieved at the EU Council meeting this week.
An increase in volatility is expected for all GBP currency crosses during the market open.
GBP/USD’s next support level is at 1.27400 and the next resistance level is at 1.29000.