GBPUSD Technical Levels - 09.01.2017
GBP/USD declined sharply on Monday as sterling was weighted down after talk of Britain drastically reworking trade ties with the European Union after Brexit sent the pound tumbling to two-month lows.
Technicaly, upside immediate resistance at 1.2229, break above this level would expose the cable to next resistance level at 1.2334 levels.
Downside, immediate support at .2114, a break below at this level will open the door towards next level at 1.2076.
Trend overall looking slightly bearish at the moment.