•GBP/USD traded near three-month low on Thursday as U.S. currency's continued its relentless rise.
•Sterling resumed its post-election decline, plunging to lows not seen since July, as GBP/USD longs unwind positions amid expectations of Donald Trump's protectionist policies.
•Despite being down 0.4% year-to-date, sterling has remained the best performing major currency.
•At GMT 16:33, Sterling was last down 0.13% on the dollar at 1.2707, its lowest since July 2
• Immediate resistance is located at 1.2721 (38.2%fib), any close above will push the pair towards 1.2789(50%fib).
• Support is seen at 1.2678(Lower BB) and break below could take the pair towards 1.2636(Lower BB).
Recommendation: Good to sell around 1.2720, with stop loss of 1.2800 and target price of 1.2640
