GBP/USD - 1.5225

New strategy  :  

Buy at 1.5100, Target: 1.5250, Stop: 1.5050

As the British pound has maintained a firm undertone after breaking resistance at 1.5199, suggesting further gain to 1.5241 (38.2% Fibonacci retracement of 1.6879 to 1.4228) and then towards 1.5290 would be seen, however, loss of near term upward momentum should prevent sharp move beyond 1.5313 (50% projection of 1.4873 to 1.5199 measuring from 1.5150) and reckon 1.5351 (61.8% projection) would hold from here..

Would not chase this move here and we prefer to buy cable on subsequent pullback as the Kijun-Sen (now at 1.5091) should hold. Below the Kijun-Sen would signal temporary top has been formed and risk correction to 1.5040/50 first.