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Potential Reversal Zone (PRZ) -1.2685
GBPUSD continues to trade weak and lost more than 100 pips on broad based US dollar buying. It hits low of 1.27965 and is currently around 1.28190.
The near term major support is around 1.2780 and any break below targets 1.2740/126890.
On the higher side, near term resistance 1.2865 and any break above 1.2920/1.2965/1.3000.
It is good to buy on dips around 1.2795 with SL around 1.2745 for the TP of 1.2920.
Resistance
R1- 1.2865
R2 - 1.2920
R3- 1.2965
Support
S1- 1.2785
S2- 1.2740
S3- 1.2685
