We are looking for a final dip into the support area between 143.80 - 144.00 to complete the complex correction in wave ii and set the stage for renewed upside pressure through 145.63 confirming renewed strength towards 148.50 on the way higher to 151.50.
Only a direct break above minor resistance at 145.63 will confirm that wave ii is already complete.
R3: 145.63
R2: 145.25
R1: 145.02
Pivot: 144.88
S1: 144.45
S2: 144.00
S3: 143.80
Trading recommendation:
We will buy GBP at 144.00 or upon a break above 145.63.
