GBPUSD bouncing at 1.28600 last week, is raising for the 3rd consecutive day.Though the starting of the week was a bit quite, the positive momentum picked up the pace since the early European session on Tuesday and was supported by a fresh wave of US Dollar selling pressure.As of writing, the pair is currently trading at 1.29867 with a bearish turnover near the psychological region 1.3000. The Daily time frame shows the pair reaching 1.3000 below 100 EMA but fails to break above. The sellers can play a good deal with minimum risk reward ratio but the real question is will it touch the 1.30000 psychological region? As there are no major market releases for the U.K, sellers now look for the U.S Economic releases of Pending Home Sales and PMI to enter some short- term trades. It will be better for the sellers to wait for a perfect selling position targeting 1.28800 and further below forming new lower lows. In the opposite scenario, there is a strong resistance formed near the 1.2980, 1.3000 and 1.3020 levels.There is also a major bearish trend line forming with resistance near 1.2980. Therefore, to start a solid recovery, GBP/USD must clear the 1.2980, 1.3000 and 1.3020 resistance levels. It would now be interesting to see if the pair upsurge as investors still await any fresh updates, or atleast some positive developments from the ongoing UK cross-party Brexit talks. If not, there is a risk of additional losses below the 1.2865 swing low.

GBPUSD TODAY:
Daily open: 1.29320
Daily Last high: 1.29968
Daily Last Low: 1.29238
Daily current growth: +0.48%