Despite the previous forecast that Gbp could rise towards 1.3337, Gbp continues to rally even lower. This downward rally is a retracement to the lower side towards 1.2761 where I have a pending buy limit order, If you din't long this pair on the first retracement to this line, then this will be the most ideal place to pick a long position with your take profit at 1.3337 and stop loss slightly below 1.2627. On the way upwards, key resistance lines to check for include 1.2927, 1.3222 and 1.3337. If these resistance lines are broken, then this will push the price further upwards towards 1.34.
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