I expect the pair to retrace as show in the next few days. So I will look for short position this week. If it starts well and the resistance of the triangle became a strong support (I will look on lower timeframes for reversal confirmation), then I will set up a Long position that can last for few days. Depends on your style of trading, use proper techniques to choose your entry and exit points. I always analyze on daily charts to predict the general mood of the market, but I trade lower timeframes. Good Luck!!
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so far so good.
Trade closed: target reached
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It's time to look for a long setup. I will post on a separate idea. I would be careful though to take any long position with the GBP especially with all the economical and political news in the UK now. Nevertheless, as a technical point of view, the pair has now reached a strong support, so let's keep an eye on it.