GBP/USD Technical Analysis: GBP/USD tanks 100 pips as British Foreign Secretary Boris Johnson resigns

• GBP/USD losing almost 100 pips from daily highs as British Foreign Secretary Boris Johnson resigns.
• The damage bears have inflicted is quite solid and bulls will need to gather lots of strength to keep the market from falling further. 
• GBP/USD is currently holding above the 200-period simple moving avearge however a breakout below it and the 1.3250 level might induce bulls to sell their short positions after the 100-pip sell-off.

GBP/USD 15-minute chart

Spot rate:               1.3274
Relative change:     0.10%     
High:                      1.3363
Low:                       1.3259

Trend:                    Neutral

Resistance 1:        1.3300-1.3314 June 22 swing high
Resistance 2:        1.3350 figure
Resistance 3:        1.3400 figure
Resistance 4:        1.3472 June’s high

Support 1:             1.3250 June 4 high
Support 2:             1.3200 figure
Support 3:             1.3155 former breakout point
Support 4:             1.3100 figure
Support 5:             1.3049 current 2018 low
Support 6:             1.3027 October 6, 2017 swing low