Fundamental Highlights
* The Pound prints losses below 1.25, extending Friday’s losses amid risk aversion.
* US-China trade sentiment turns heavy leading the Dollar to find strength.
* Challenges to the UK PM Boris Johnson-led government also weigh on the Sterling.
* A light economic calendar keeps the risk-off sentiment in the driver’s seat.
Technical Analysis
* The 1.26 critical resistance holds and invites the bears back in the game after last week’s recovery. If the 1.24 support level is lost, along with the 50-period SMA, then 1.2330 will be the next target.
Support: 1.24 / 1.2330
Resistance: 1.25 / 1.26
