As the risks in Ukraine soars, bears are active in the GBP/USD pair. For another night, the attacks continue without sign of a truce. Bulls are eying to test the 1.3500 level as the bids appear above 1.3400 In Asia, the risk appetite worsens due to explosions in Kyiv. Although the GBP/USD price is still up around 0.15 percent, it is under strong pressure for a correction gradually slowing amid risk aversion and the Ukraine crisis. –Are you interested in learning more about STP brokers? Check our detailed guide- Investors fled to safe havens after Russian troops invaded Ukraine in March 2020, when the pound fell 1.8%. It is the lowest reading since 22 December. On the Black Sea and Azov Sea coast, Ukraine reported the crossing of columns of troops from Russia and Belarus. After attacking from the east, north, and south on Thursday, Russia is waging an all-out attack. As soon as Vladimir Putin made his dramatic televised war declaration, the Kremlin launched its offensive. Those who intervene would face “consequences like you’ve never seen before.” Despite countries like the US sending troops to Europe’s eastern flank for fear of sending troops to NATO allies, Ukraine’s President Volodymyr Zelenskyy has pledged to keep fighting. Get FREE Forex Signals Now! Having put up a new Iron Curtain, Volodymyr Zelenskyy was responsible for keeping his country in the west. There have been new sanctions imposed on Russia by the EU, Britain, and the US. Considering the size of Russia’s economy and its integration into world markets, they represent the most significant use of economic sanctions. President Biden has been urged by Ukrainian officials and some US lawmakers to go even further with sanctions to punish Russia and Putin for attacking Ukraine. However, the sanctions are not likely to prevent a protracted crisis, and Russia may not feel their full impact for several weeks. On Thursday, Britain’s Chancellor of the Exchequer, Rishi Sunak, said he spoke with Bank of England Governor Andrew Bailey to ensure financial stability following the Russian invasion. –Are you interested in learning more about forex robots? Check our detailed guide- GBP/USD price technical analysis: Bulls emerging after a bearish run The GBP/USD price found strong support just above the swing level of 1.3260 after falling around 350 pips last day. The pair has gained back above the 1.3400 area. The next key area for the pair is the horizontal level around 1.3490-1.3500. The volume and price spread for the rejection are very high. It indicates that the recovery momentum may break the 1.3500 level. Looking to trade forex now? Invest at eToro! Trade Forex Now! 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money Saqib Iqbal Saqib Iqbal Saqib Iqbal is a market analyst, prop fund trader and mentor, serving the industry with his analysis and educational content since 2011. The author has great exposure to different financial markets and institutions. He's well-known for his day trading reviews and multiple timeframe analysis. View All Post By Saqib Iqbal Majors share Read Next Free Forex Signals and Forecast: Buy USD/JPY – 25 Feb 2022 Olimpiu Tuns 3 months As the risks in Ukraine soars, bears are active in the GBP/USD pair. For another night, the attacks continue without sign of a truce. Bulls are eying to test the 1.3500 level as the bids appear above 1.3400 In Asia, the risk appetite worsens due to explosions in Kyiv. Although the GBP/USD price is still up around 0.15 percent, it is under strong pressure for a correction gradually slowing amid risk aversion and the Ukraine crisis. -Are you interested in learning more about STP brokers? Check our detailed guide- Investors fled to safe havens after Russian troops invaded Ukraine in… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.