GBP/USD Trade idea

• Major resistance- 1.3260 (trend line joining 1.3358 and 1.32196).
   
• The pair jumped till 1.326595 at the time of writing. It is currently trading at 1.32440. Any further bullishness can be seen only above 1.3260 level.
   
• Any break above 1.3260 will take the pair till 1.3310 (23.6% retracement of 1.50186 and 1.27893)/1.3350 (55- day EMA).
   
• On the lower side major support stands at 1.3160 (4H Tenkan-Sen) and any break below targets 1.3120 (9- day EMA)/1.3050.The minor support is around 1.3200.

It is good to buy above 1.3260 with SL around 1.3200 for the TP of 1.3310/1.3350.

Resistance

R1- 1.3260

 R2-1.3310

 R3-1.3350

Support

S1-1.3160

S2-1.3120

S3-1.3050