Let's not forget this pair is in a steady overall downtrend. Last week this pair broke the descending resistance and pushed above it to the weekly support as mentioned above, however the 4 hour time frame shows a strong as well as another candle to close the week on at the weekly resistance. I am therefore anticipating a retracement to the overall which is now a support and also lies on the 4H support of 146.000. Coincidently this level is also around the 50% level too. MA and are crossing and based on all of the above, I am therefore looking to enter to catch the retracement of around 150 pips or so.
I will look to be out of this trade by the middle of the week. The pound gaining strength and along with the Brexit deadline coming closer and the threat of a recession ever present, I also anticipate the pound will gain more strength from this 146.000 support after testing it before falling drastically depending on news and the current financial state in the next few months.