Technical Analysis Based on Breakout — Remain long towards 1.3489

Recently, GBP got rejected from the lower trend line acting as the bottom of the rising channel and is currently rallying above it. Unless this trend line is clearly breached to the lower side, I expect a rise towards 1.3044 and further up towards 1.3489. On the 4 Hour chart above, buy positions seems ideal towards 1.3489. My advice, if you went long following the rejection lower trend line, leave this position open towards the trend line.

1.2965