After breaking above 1.2915, a false break below was seen when price tried descending below 1.2915 but ended up back above. I went long after the third pullback towards 1.2915 and is still holding onto this positions. My expectations is that price should rise even further towards 1.3016 and could breakout even further. On the way upwards a key resistance can be seen around 1.2961, if this resistance is broken, the Gbp could rise towards 1.3016 and may even breakout above. According to the 4 hour chart above, buy position looks more ideal and can safely be recommended towards 1.3016
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