We have seen the expected corrective decline towards 144.60. Once support at 144.60 has been tested a new impulsive rally will be expected for a rally above minor resistance at 145.88 indicating a corrective low is in place for more upside pressure towards 148.87 on the way higher to 151.50.
R3: 147.31
R2: 146.46
R1: 145.88
Pivot: 145.30
S1: 144.81
S2: 144.60
S3: 143.69
Trading recommendation:
We are look to buy GBP at 144.60 or upon a break above 145.88. Our stop will be placed at 143.60.
