7 July 2022
GBPUSD Analysis
The Pound has been the focus of European trade as finally UK PM Boris (Bojo) Johnson has decided to resign, his scandal be-leagued reign will come to an end in October.
The news lifted the Pound to break back above 1.2000 but fell short of breaking the next resistance at 1.2040.
The pivot level to watch is 1.1960/70, the Bojo bounce may be short lived, If 1.1960 breaks down it is likely the market targets 1.1910 and 1.1880 support again.
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