All in, bears and panda are in control. Pound/dollar fall has been mostly fueled by the Federal Reserve, which declined to open the door to setting negative interest rates, similar to the Bank of England. The Fed disappointed investors who had temporarily priced in such an option. Without sub-zero borrowing costs, the dollar advanced.
If Breaking 1.2165, looking new fresh supports at 1.1980, which was a temporary peak in March, and then only 1.18.
Looking up, resistance awaits at 1.2250, a swing low in April, and then at 1.2270, a similar low point from May. The next levels to watch are 1.2340 and 1.2360.
