We are looking for more upside pressure towards 148.50 on the way towards 151.50. Short-term support is seen at 145.75 which ideally will be able to protect the downside for the next push higher.
Only a direct break below key-support at 146.00 will shift the bias from up to down and call for a decline to 141.00.
R3: 147.79
R2: 147.31
R1: 146.46
Pivot: 146.00
S1: 145.30
S2: 144.80
S3: 144.60
Trading recommendation:
We are long GBP from 144.60 and we will place our stop at 146.00.
The material has been provided by InstaForex Company - www.instaforex.com