Overall trend: Bullish
Ichimoku Analysis (daily chart)
Tenken-sen- 1.2918
Kijun-Sen- 1.2857
GBPUSD recovered sharply almost more than 150 pips from the low of 1.28969. It hits high of 1.30478 yesterday. It is currently trading around 1.30350. GBP was trading higher after EU negotiator Barnier said that EU and UK deal might happen within six weeks.
On the higher side, any break above 1.3060 will take the pair to next level till 1.3100/1.31750.
The near term support is around 1.3000 and any violation above targets 1.2965/1.2900.
It is good to buy on dips around 1.3020 with SL around 1.2965 for the TP of 1.3175.
Resistance
R1- 1.3060
R2 – 1.3100
R3- 1.3175
Support
S1- 1.3000
S2- 1.2965
S3- 1.2900
