GBP/USD halted its bearishness after a huge sell-off of more than 200 pips on Sep 21st 2018 after top EU officials rejected Theresa May chequer Brexit plan. The pair has recovered almost 100 pips yesterday after UK PM Theresa May comment on Brexit deal. PM May has has once again said that no deal is better than a bad deal. US consumer confidence came at 134.8 this month highest level since Sep 2000.
With no major economic data in UK markets eye fed monetary policy for further direction.
On the lower side, near term support is around 1.3090 and any violation below targets 1.3055/1.300. Any close below 1.3000 confirms further bearishness.
The near term major resistance is around 1.3215 and any violation above targets 1.3265/1.3300.
It is good to buy on dips around 1.3130-35 with SL around 1.3090 for the TP of 1.3300.


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