GBP/USD Update


•GBP/USD, in the morning session declined to a fresh 3-week low at 1.3228 and broke the bottom of the descending channel.

•The pair is currently trading around 1.3281 recovered moderately from the low and testing the minor resistance at 1.3287/00.

•Support: 1.3250, 1.3215 & 1.3155 [H4 200 SMA].

•Resistance: 1.3320 & 1.3365.

•Recommendation: Sell around 1.3345/65, if the price retest this zone today with SL above: 1.3400 and TP: 1.3300/1.3285.