GBPUSD is trading lower and has lost more 100 pips from the high of 1.3092 on Brexit uncertainty. The pair hits low of 1.29813 at the time of writing. It is currently trading around 1.29815.
On the lower side, near term support is around 1.2965 and any break below targets 1.2920. Any break below 1.2920 low made on Oct 3rd confirms minor weakness and a decline till 1.2860/1.2780 (Sep 5th low).
The near term resistance is around 1.3005 (50- day MA) and any violation above targets 1.3078/1.3130 (89- day EMA)/1.32000.
It is good to sell on rallies around 1.3045-50 with SL around 1.3100 for the TP of 1.2785.
