On the weekly chart above, Gbp is currently rallying around a key weekly resistance line 1.3303. Unless there's a clear bullish breakout above this line, I expect a rejection from this line to short Gbp with my take profits set at 1.2791 and the next take profit at 1.2113. This is from the bearish side, if the price can rise above 1.3303, then I expect even a higher rise towards 1.4765. On the way upwards, key lines can be seen at 1.3587, 1.3831 and lastly 1.4469. If these lines are broken, then the price could hit my take profit set at 1.4765.
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