• GBP/USD declined on Thursday as worries about the political landscape in the United Kingdom weighed on Sterling.
   
• Investors were awaiting British election results and Comey's testimony, which will turn the spotlight on a clash between him and U.S. President Donald Trump.
   
• A final opinion poll published on Thursday as Britons vote in a national election showed Prime Minister Theresa May's Conservatives widening their lead to 8 percentage points from 5 points, suggesting her gamble to call the vote to strengthen her position in Brexit negotiations will pay off.
   
• Currently, the currency pair is trading at 1.2923 levels, it is set to decline further towards 1.2870 and later 1.2830 levels in the short term.
   
• To the upside, the strong resistance can be seen at 1.2979, a break above this level would expose to cable to next resistance level at 1.3000.
   
• To the downside immediate support can be seen at 1.2892, a break below will open the door towards next level at 1.2868.
  
  Resistance Levels
  
  R1: 1.2936 (50% Retracement Level )
  
  R2: 1.2979 (61.8% Retracement Level)
  
  R3: 1.3000 (Psychological level)
  
  Support Levels
  
  S1: 1.2892 (38.2% Retracement Levels)
  
  S2: 1.2868 (June 6th lows)
  
  S3: 1.2836 (23.6% Retracement Levels)