GBP still consolidating not breaking out above 1.2985 or below 1.2768. I expect a clear breakout above 1.2985 to continue long towards 1.3489 and could breakout and continue higher. On the daily chart above, sell positions are only favorable below 1.2748 but as long as 1.2748 is not breached, I expect a move towards 1.3489. My advice, if you went long on the first retracement towards 1.2748, leave this position open with TP fixed at 1.3489 and SL slightly below 1.2748.
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