Recently, after a rejection from 1.2775, Gbp is currently showing signs it could rise towards 1.3479 in the next couple of weeks. On its way upwards, key lines that could challenge the anticipated upward rally is seen around 1.2967, 1.3103, and 1.3254. If these three lines are clearly broken, then a rise towards 1.3479 will be next ideal move. According to the daily chart above, buy positions seems more ideal and can be recommended especially while the price is above 1.2775. Sell positions can only be recommended on a clear break below 1.2775, or upon a rejection from 1.3479.
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