As I said earlier, Gbp rallied higher as expected and could rise even higher today. I went long around 1.3049 and is still holding onto this trade, I expect a momentum towards the 4 hour resistance line 1.3307, and a breakout above. If the price should break above 1.3307, then I'll wait for a pullback to the just broken line to pick another buy position towards 1.3415. If the price should bounce from 1.3307, then I expect a short position from this line towards 1.3049 or even lower. As it is, my advice to remain long with your take profit still fixed at 1.3307.
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