On the weekly chart above, a bullish pin bar is in a formation. As I said earlier, gbp is in the rise and should continue to gain value with an ultimate take profit at 1.3607. As it is on the higher time frames, Gbp is bullish and only a buy position can be advised. Should the price breaks above the upper resistance trend line, then a rise towards 1.3607 is highly anticipated. I choose to remain long unless the price breaks below 1.3313 with a big red candle, as it is, only a buy position looks ideal.
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