According to the weekly chart above, Gbp is still showing signs it could rise further towards 1.3337. However, at the moment, the key resistance line that Gbp has to break above to confirm the expected upward rally is 1.2969. If this resistance line is broken, then this will be a confirmation that the price is rising towards 1.3337. On the other side, if price breaks below 1.2908, then this will mean the price could fall further towards 1.2117. On it's way downwards, key support lines are seen at 1.2791 and 1.2627. These lines are key support line and could also act as buy lines.
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