Recently, GBP retraced back for the second time to the daily support line 1.2747 but got rejected. I went long following this rejection and is still holding onto this positions. My expectations is that price should rise towards 1.3489 unless there's a clear bearish breach below 1.2747. Only a breakout below 1.2747 with a big red candle will trigger sell positions. On the daily chart above, long positions seems more ideal.
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