The pound continues its recovery from last week, forming a new higher high at 1.13000, and for a moment, we found ourselves above the 61.8% Fibonacci. Now we see a smaller pullback, but all within the limits of the previous bullish consolidation. If this trend continues this week, the GBPUSD pair could be found near the 1.15000 level. That would certainly be a great move for the pound after last week's fall to an all-time low of 1.03500. Potential higher targets are 1.13000 this morning's high, then 1.14000 level and 1.14620 at 78.6% Fibonacci.
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