Technical Analysis Based on Breakout – Long towards 1.4677

Long towards 1.4677
Technical Observation:
Nothing has changed much is this pair since the other day’s analysis. Gbp is still above the weekly support 1.3138 and should start rising any time soon. Unless the price breaks out below 1.3138 with a big red candle, I expect a rise towards 1.4677. On the way upwards, the key lines to look for include 1.3735, 1.4305 and lastly 1.4677. A breakout above all these lines will push the price higher to 1.6030.
Technical Levels
Resistance levels
R1: 1.3736
R2: 1.4075
R3: 1.4829
Support Levels
S1: 1.1812
S2: 1.2566
S3: 1.2982
Trade Signal
Long towards 1.4677

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