The Pound looks ready to break above 1.30 as odds favoring no-deal Brexit gradually decrease. UK PM Johnson stays optimistic to overcome the pandemic, however Chancellor Rishi Sunak sounds a bit skeptical as he warns of “hard choices” on tackling UK debt. On the other hand, broad risk-on mood could push the US Dollar lower, paving the way for the Cable for a move higher. The bulls need to take out the 1.30 along with the 200-period SMA for an immediate move towards 1.3050.
Support: 1.2670 / 1.26
Resistance: 1.2760 / 1.2825
