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sterling falling sharply

Sterling has fallen more than 200 pips since topping the 1.28$ handle this week.
The pair has fallen as low as 1.2585$ and will most probably recover from there to test 1.2660$ 
The pair is trading below 30 on RSI in the 1H time frame and still supported in the 30min time frame chart on the RSI level , however it is trading below 200 MA.
I believe we can long the pair for 50 pips trade.it is currently trading around .12590$ , take your profit around 1.2640-60$ area.
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