The consolidation face of GBP/USD was over in this morning when the pair breaks below the 1.3150 support on Brexit blues. The pair created an intraday low around 1.3087 and is currently trading at 1.3125 retesting the support turned resistance level at 1.3150. A break above 1.3150 will open up further upside till 1.3175 where H4 20 SMA & 23.6% retracement of previous downtrend meet. On the downside, support is seen at 1.3087 (Session Low) and a break below targets 1.3025/20.
Support: 1.3120, 1.3086/70 & 1.3025/20.
Resistance: 1.3150, 1.3175 & 1.3220.
Recommendation: Sell on rallies around 1.3175-80 with SL above 1.3220 and TP at 1.3120/1.3100.