GBP/USD Outlook (28 February 2020)

Overall, GBP/USD is trending downwards. Recently, GBP/USD trended lower into the support level of 1.28700.
Yesterday, a new document setting out the U.K. government’s stance for trade negotiations indicates that Prime Minister Boris Johnson is ready to walk away from trade talks and bring the U.K. out of the EU without a deal by the end of this year if no sufficient progress is made by June, causing a weakening in GBP.
Currently, GBP/USD is testing the support level of 1.28700 and the next resistance level is at 1.30100.
Look for selling opportunities of GBP/USD if it breaks the support level of 1.28700.