At this point, GBPUSD has not only broken through the 100D but also consolidated below it which is quite .
From the fundamental point of view, post-Brexit EU-UK talks will determine the direction of GBPUSD in the near term.
However, I believe selling the rallies is still the ideal way to trade this cross.
So, I would like to execute sell trades between 1.2880-1.2950 with SL above 1.3050.
I will target 1.2750, 1.2680 and 1.2600 as potential take profit areas if I manage to execute this trade.
Will be looking to add another entry if it reaches 1.2950