• Cable has broken major support at 1.2850 (cloud bottom) and declined till 1.27739 yesterday. UK GDP second estimate matches expectations. UK economy grew by 0.3% in the second quarter.It is currently trading around 1.28215.
   
• The downside capped by 38.2% fibo at 1.27739 and any break below confirms minor weakness.Any break below 1.27739 will drag the pair down till  1.2700/1.2650 (200- day MA) likely. Market awaits Jackson Hole symposium for further direction.
   
• On the higher side, minor jump can be seen only above 1.28770 (100- day MA) and any break above will take the pair till 1.2920/1.2955. Short term bearish invalidation only above 1.3050.
  
  It is good to sell on rallies around 1.2805-1.2810 with SL around 1.2858 for the TP of 1.2725/1.2655.