•Yesterday GBP/USD closed below 1.3445 [September 2016 high].and can be considered as a trend reversal. There is a major possibility that the pair could retest the 1.3445 level.
•Currently the pair is trading around 1.3355. Minor support is around 1.3320 [Fib 38.2% retracement of 1.2773 to 1.3656 rally] and any break below will drag the pair down till 1.3250.
•Support: 1.3360, 1.3320 & 1.3250
•Resistance: 1.3445 & 1.3495-1.3520
•Recommendation: Sell on rally around 1.3445-50 with SL above: 1.3480 and TP: 1.3380/1.3350/1.3320.