As long as support at 136.62 is able to protect the downside, we should continue to look higher towards strong resistance in the 139.57 - 140.70 area before a more substantial correction should be expected.
A break below minor support at 137.69 will call for a corrective decline towards 137.11, but a break below 136.62 will be needed to call for a deeper correction unfolding.
We are long GBP from 134.65 and we will raise our stop to 136.50.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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