FxWirePro: GBP/USD Trade idea

• Cable recovered once again after showing a minor decline below 1.2900 level on account of mixed UK jobs data. U.K unemployment hits 42 year low but basic pay slows to 2.1% lagging behind inflation. The pair broken the minor resistance at 1.29572 high made yesterday and is currently trading around 1.29580.
   
• On the higher side, major resistance is around 1.3000 and any break above confirms bullish continuation. Any break above will take the pair till 1.3050/1.3088 in the short term. The minor resistance is around 1.2960.
   
• Cable major support is around 1.2830 low made on May 5th, 2017 and any break below will drag the pair down till 1.27800 (23.6% retracement of 1.2108 and 1.2987)/1.2720 (200- 4H MA).
   
• Short term trend is bullish as long as support 1.2830 holds.
  
  
  It is good to sell on rallies around 1.29000 with SL around 1.2960 for the TP of 1.2830/1.2780.

Resistance
                   

R1-1.3000
                                                            

R2 -1.3050
 

R3- 1.3080
 

Support   
 

S1-1.29000
 

S2-1.2830