GBP/USD was trading higher and has jumped more than 100 pips on news of further Brexit agreement has reached. European Commission and British Negotiators have agreed on Draft text of political declaration on future EU-UK ties after Brexit. The pair hits high of 1.29269 and is currently trading around 1.28467.
On the higher side, major near term resistance is around 1.2920 and any convincing break above targets 1.2965/1.3000/1.3050 level.
The near term major support is around 1.2860 and any violation below targets 1.2800/1.2765/1.2720.
It is good to buy on dips around 1.2825-30 with SL around 1.2770 for the TP of 1.3000.
