We continue to look for key-support at 136.41 to be able to protect the donwiside for a clear break above the next resistance at 137.20 for the next impulsive rally higher towards 137.88 and 140.20 as the next upside targets.
Short-term key support is seen at 136.41 which should continue to protect the downside. We might see short-term penetation below this support.
R3: 137.88
R2: 137.20
R1: 136.78
Pivot: 136.54
S1: 136.41
S2: 136.22
S3: 135.82
Trading recommendation;
We are long GBP from 135.45 and we have our stop placed at 135.45.
