Some pairs traded as if there were no holiday yesterday. GBP/JPY buying was perhaps the most notable. After the break below 136.45 last week, the pair was bought up 137.15 as risk sentiment improved, leaving a reversal candle on the daily chart.

That helped to buoy GBP/USD which rose 75 pips to above last week's high but was unable to breach pre-Article-50 high (1.2615) which is now reinforced by 200 DMA. 1.27 - 1.28 area is the next target if only 1.24 - 1.25 holds as a support.

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