The minor correction from 136.35 seems to have been completed. We are looking for a break above minor resistance at 135.35 as confirmation for the next impulsive rally above the mini-peak at 136.35 for a continuation higher to 139.77 and to 148.32.
Short-term support is seen at 134.14 with short-term support at 133.47.
R3: 135.92
R2: 135.33
R1: 134.75
Pivot: 134.54
S1: 134.14
S2: 133.74
S3: 133.47
Trading recommendation:
We are long GBP from 135.35 and we have placed our stop at 133.10
