The GBP/USD pair rose slightly during the course of the day on Monday, as the British pound continues to strengthen. That being said, if we can break to a fresh, new high, we feel that the market will then reach towards the 1.55 handle. If we can break down below the 1.53 handle, we feel the market will then reach towards the 1.52 handle. Ultimately, this is a market that is going to be very volatile, so we would not look for longer-term trades at this point in time, opting to take profits quickly.
