As I said last week, Gbp rose relentlessly to the upper side but is currently stagnating along a short term resistance line 1.3473. Gbp is still very bullish even on the higher time frames, thus, I expect a rise towards 1.42 or even higher. On the way upwards the key lines to look for include 1.3667, 1.4103 and ultimately 1.4630. If these line are breached, then further rise towards 1.45 is expected. I cannot recommend any sell position at moment. But if the price can close below 1.3059, then further decline is expected
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