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.