We are looking for guidance of the next larger move. As the trend remains up, we do favor a break above resistance at 146.51 for more upside pressure towards 148.50 and 151.50.
That said, key-support at 143.82 will need to protect the downside to keep the bias towards the upside. An unexpected break below 143.82 will shift our focus towards the downside and a move closer to 141.00.
We will buy GBP at 144.45 or upon a break above 146.51 and place our stop at 143.70.The material has been provided by InstaForex Company - www.instaforex.com