Recently, there was a tremendous rise in price with Gbp almost reaching my take profit set at 1.3475. Today, I still expect a rise towards this resistance or even a breakout above it to continue long towards 1.4455. As it is, Gbp is very bullish and only long positions can be recommended especially towards 1.3479 and also on a breakout above 1.3479. If the price is rejected from 1.3479, then a bearish rally towards 1.2765 will be the next ideal move. Thus, if you're not already long, wait and buy Gbp or a breakout above 1.3479, or short Gbp on rejection from the same line.
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