We continue to look for a clear break above minor resistance at 147.00 for a continuation higher towards 148.50 on the way to 151.50.
Support is now seen at 146.25 which we expect will be able to protect the downside for a firm break above 147.00.
R3: 148.05
R2: 147.40
R1: 147.00
Pivot: 146.65
S1: 146.25
S2: 146.00
S3: 145.66
Trading recommendation:
We are long on GBP from 146.25 with our stop placed at 144.80.
