Psychological Support 1.5000 that corresponds to Fibonacci 78% pushed the GBP/USD pair strongly to the upside above 1.5130 (Fibonacci 61.8%) then above 1.5220 (Fibonacci 50%).
Last Friday, the pair found it was difficult to consolidate above 1.5220 (Fibonacci 50%) which brought it back down to 1.5130 in line with the negative money flow sentiment at under -16%.
Price Level 1.5139 provided siginificant support which is manifested in the "long-tailed" daily candlestick.
Stabilization above 1.5220 will bring more bullish strength to the market opening the way up to 1.5300 then 1.5390.
Failure to consolidate above 1.5220 will bring the maket back to 1.5130 where price action should be watched.
It is important to be cautious today as UK Manufacturing PMI will be released today at 8:30 GMT.
