After bouncing from the 4 hour support line 1.3049, Gbp has been in a constant up trend and could continue to rise. Today, I expect Gbp to trade within a tight range, not going above 1.3397, or below 1.3049, if the price break above or below this range, then I expect the price continue towards the direction of breakout. On the 4 hour chart above, I expect a rise in price towards 1.3397 where I expect a rejection to pick a short position . My advice, if you went long around 1.3049, leave this position open towards 1.3397.
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