Pound on Rise.

On a longer term perspective the GB Pound has moved from the Pandemic Low of $1.14 , and may proceed towards $1.50 ( based upon a .618 fib extension ) .

The longer term moving averages synced to the upside would suggest staying in a long mode for this pair.

The current 2 SD high on the weekly chart has price being bound at $1.4040.

A trade is suggested , staying in the direction of the longer term trend , for a buy based on the intraday chart.

1. Enter - around 1.3910 ( confluence of 50 MAV and horizontal support)

2. Target - around 1.4040 ( the .118 fib extension past swing high )

3. Stop - around 1.3860 ( low of recent consolidation channel)

4. RR = 2.3 ( Risking 50 pips to make 130) .