GBP/USD breaks 200 HMA,targets 1.3000

FX:GBPUSD   British Pound / U.S. Dollar
210 0 13
Major support - 1.3200 (200 HMA )

The pair has declined sharply from the high off 1.3374 after BOE cuts interest rate by 25bpbs.The pair declined till 1.32017 at the time of writing .

Any violation below 1.3200 will drag the pair down till 1.3100/1.3060/1.3000 in the short term.

On the higher side trend reversal happens only above 1.3375.

It is good to sell on rallies around 1.3195-1.3200 with SLaround 1.3300 for the TP of 1.3000
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