GBPUSD recovered slightly nearly 90 pips from low of 1.27320 on account of US-China trade truce. The pair has shown a jump till 1.28246 and declining from this level. It hits intraday low 1.27514 and is currently trading around 1.27523.
UK PM Theresa May could face no confidence vote if parliament rejects the Brexit deal. US ISM manufacturing index which is to be released today will influence USD prices.
On the higher side, near term trend line resistance at 1.2830 and any break above targets 1.2865/1.2900. The pair should break above 1.2930 for further bullishness.
The near term support is around 1.2720 and any break below targets 1.2690/1.2660.
It is good to sell on rallies around 1.2800 with SL around 1.2835 for the TP of 1.2690
