The British pound surged higher on Monday, crushing the 1.3850-60 resistance.
This has now initiated a squeeze to 1.4060-80, reassess from there.
The U.K. will publish employment-related data on Tuesday.
Viewing the technical assessment, the Relative Strength Index (RSI) 3-day ‘lookback’ indicator holds a positive signal although in overbought territory.
Meanwhile, the Moving Average Convergence Divergence (MACD) has broken above the 0.00 axis, supporting a weak positive signal.
The ADX indicates a ranging signal as it moves sideways.