If Johnson overturns part of the brexit agreement, it will put pressure on the pound

Fundamental analysis:

GBP / USD remained volatile around 1.24943, and the UK's political risks and concerns about economic slowdown put pressure on GBP. Johnson plans to push forward legislation to give him the right to overturn part of the brexit agreement, which may irritate some party members and the EU, which is potentially bad for the pound.

GBPUSD GBPUSD - 4-hour K-line chart display:

Technical comments: it has been kept in a wide range of vibration in the Bollinger belt index channel for a long time. During this period, it has repeatedly probed into the nodes between the upper and lower rails, and the short power has fluctuated and fallen again. The Bollinger belt index is in the process of consolidation and Translation, the MACD index is in the lower side of the 0 axis for consolidation, and the RSI index is in the lower side of the 50 balance line for wandering;

Multi empty turning point: 1.25070

Pressing position: 1.25450, 1.25769

Support position: 1.24576, 1.24288

Trading strategy: bearish below 1.25070, target 1.24576, 1.24288

Alternative strategy: bullish above 1.25070, target 1.25450, 1.25769

The above analysis is a personal point of view and is for reference only.