Technical analysis:
GBP has been trading upwards as I expected. The price broke our key resistance pivot at 1.2960 and I expect further upside on the GBP. Next pivot resistance is seen at the price of 1.3065.
Watch for buying opportunities on the dips using the intraday frames 5/15/30 minutes in order to find best entry.
MACD oscillator is showing increasing momentum to the upside, which is good confirmation for our upside view.
Resistance levels are seen at the price of 1.3065 and 1.3080
Major pivot support level is set at 1.2960
