FxWirePro: GBP/USD recovers from the low of 1.2865, good to sell on rallies

• Major resistance- 1.3100.
   
• Major support – 1.2850.
   
• Cable has recovered sharply till 1.30705 at the time of writing after making a low of 1.2865. It is currently trading at 1.3020.
   
• Short term trend is still weak as long as resistance 1.3175 (Kijun-Sen) holds.
   
• On the higher side, any break above will take the pair to next level till 1.3250/1.3300.
   
• Technically immediate support is around 1.3000 and any break below will drag the pair to next level till 1.2950/1.2860.
   
• Further weakness can be seen below 1.2850.

 It is good to sell on rallies around 1.3100 with SL around 1.3175 for the TP of 1.3000/1.2960