GBP/USD has lost more than 60 pips from the high of 1.28036 on Brexit uncertainty. Brexit to be happened net week and it is clear that Brexit deal will not be supported in voting. The pair almost formed a double top around 1.2810 and started to decline from that level. It hits low of 1.27285 and is currently trading around 1.27364.
On the lower side near term support is around 1.2720 and any break below targets 1.2660/1.2600 level.
The near term resistance is around 1.2820 and any violation above will take the pair to next level till 1.2865/1.2930.
It is good to sell on rallies around 1.2775-80 with SL around 1.2830 for the TP of 1.2660.
