​GBP/USD slides below the 1.22 level as the UK-EU Brexit talks are about to break down

​GBP/USD slides below the 1.22 level as the UK-EU Brexit talks are about to break down

Information is not investment advice

Different sources inform that during today's telephone call the German Chancellor Angela Merkel told to the UK Prime Minister Boris Johnson that the deal could be reached only if Northern Ireland stays in the customs union. In response, the source has said that Mr. Johnson said that reaching a deal would be impossible.
GBP/USD has plunged below the 50-day SMA and tested the support at 1.2196. The next support levels will lie at 1.21-1.2138. From the upside, the rise will be limited by the 1.2294 level. The next resistance will be placed at 1.2355.
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