GBP/USD surged more than 2% to near one-month highs on Monday, amid shifting public sentiments regarding a potential Brexit, as longstanding concerns related to the U.K.’s possible departure from the European Union continued to ease.The currency pair traded in a broad range between 1.4532 and 1.4719 before settling at 1.4699, up 2.30% on the session. After testing 1.40 last week, a three-month trough last seen in early-March, the British pound has rebounded sharply versus the dollar in each of the last three sessions. The Pound Sterling is now relatively flat against its American counterpart over the last month, erasing considerable losses from the start of June. GBP/USD likely gained support at 1.3852, the low from Feb. 26 and was met with resistance at 1.4770, the high from May 3.
RECOMMENDATION :
BUY GBP/USD ABOVE 1.4675 TGT 1.4695 1.4725 SL 1.4645
SELL GBP/USD BELOW1.4585 TGT 1.4565 1.4535 SL 1.4615
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