GBPUSD extend gains on Monday supported by the broad-based US Dollar weakness. However, the pair needs to close above 1.1470-1.15 on a daily basis to keep a bullish bias. On the downside, rejection and pullback from this area allow for a dip towards 1.1380, with 1.1260 and 1.1220 forming additional downside targets. On the flip side, if the pair manages to settle above 1.15, it will gain strong upside momentum and head towards the next resistance level at 1.1570 and 1.1630.
