We are looking for guidance of the next larger move. As the trend remains up, we do favor a break above resistance at 146.51 for more upside pressure towards 148.50 and 151.50.
That said, key-support at 143.82 will need to protect the downside to keep the bias towards the upside. An unexpected break below 143.82 will shift our focus towards the downside and a move closer to 141.00.
R3: 146.95
R2: 146.50
R1: 145.68
Pivot: 145.20
S1: 144.83
S2: 144.51
S3: 143.82
Trading recommendation:
We will buy GBP at 144.45 or upon a break above 146.51 and place our stop at 143.70.
