Look for long positions towards 1.3461 | 31 July 2017

Technical Observation

Gbp has been in a constant up trend, but it looks like this trend is weaken. If the price can maintain above 1.3114, then I highly expect an upward push towards the daily resistance line 1.3461 and could break even higher. A key daily support lines can be seen at 1.2752 and 1.2824, if price can pullback to these lines,especially 1.2752, then this will provide the best place to long gbp towards 1.3114. A breakout below will push the price lower towards the next support line 1.2167. According to the daily charts above, I'd remain long and hold onto a bullish bias sentiment unless 1.3114 is breached to the lower side.

Technical levels:

Resistance levels

R1: 1.3163