[DAILY NOTION] TradingView - GBP/USD Forecast - Oct 19, 2020
![[DAILY NOTION] TradingView - GBP/USD Forecast - Oct 19, 2020](https://socialstatic.fm-cdn.com/social/202010/596b3cd8b030562d4af193ab46b33f1be651c67a.png?x-oss-process=image/quality,q_70/format,jpeg)
Overall, GBP/USD is trending upward. Recently, GBP/USD bounced up from the key level of 1.29.
Last Friday, U.K. Prime Minister Boris Johnson said that the time has come to prepare for a no-trade deal Brexit unless the European Union is willing to accept the major changes in the trade deal.
We expect the GBP/USD’s next support zone is at 1.27300 and the next resistance zone is at 1.30400.
We suggest to traders to look for short-term selling opportunities of GBP/USD.
Source: TradingView
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