FxWirePro: GBP/USD trade higher on Brexit deal, good to buy on dips

• Cable jumped sharply from the low of 1.3316 made yesterday as UK reaches deal with EU. The pair breaks psychological resistance at 1.3500 and jumped till 1.35200.  It is currently trading around 1.34703.
   
• The major points in the agreement between EU and UK are both EU and UK citizens can stay in any of the respective countries. There will no hard border for Ireland and no barriers between north, south, east and west.
   
• The UK PM and European commission to meet today to sign off a 15 page progress report. Market awaits US non-farm payroll jobs data today for further direction.
   
• On the lower side, near term support is around 1.3430 and any break below will drag the pair to next level till 1.337/1.3300. The pair should break below 1.3300 for further dip till 1.3225. Short term bullish invalidation only below 1.30280.
   
• The near term resistance is around 1.3550 and any break above will take the pair to next level till 1.3600/1.3680.

It is good to buy on dips around 1.3375-80 with SL around 1.3300 for the TP of 1.3545/1.3600.