GBP/USD shown a minor recovery from the low of 1.30270 and is currently trading around 1.31180. The Intraday term trend is still weak as long as 1.3180 (23.6% retracement of 1.36574 and 1.30272). Any break above 1.3180 will take the pair to next level till 1.3230/1.3280 (daily Kijun-Sen)/1.3300. The near term resistance is around 1.3135 (50- day MA)/1.3160.
On the lower side, near term major support is around 1.3015 (100- day MA) and any break below will drag the pair down till 1.2950 ( support)/1.28697 (50% fibo)/1.2850. continuation can be seen below 1.2770 (Resistance turned into support).
It is good to sell on rallies around 1.31350 with SL around 1.3180 for the TP of 1.3060/1.3015.