Technical Analysis GBP/USD

GBP seems hawkish against USD after BOE interest rate which decide to 5.75%.
For the uptrend strong moment, if there any retrace, commonly until 23.6 fibo.
With the trend line still up, breaking 2.0147 will confirm the up with target 2.0299.
Try to buy on dip with stop loss below 2.0150 or place buy stop above 2.0147.
If there any questions, please leave it in the comment box.
Have good trade! God Bless You

Fundamental Highlights (previous week and upcoming)

In early session, the dollar gained instantly after non-farm payrolls came out at 132k, better than the forecast of 120k. Following the robust job report, the euro fell to 13570 versus the dollar, while the sterling slipped to as low as 2.0060.

However, the euro and sterling pared losses against the dollar later as the jobs data merely confirmed a view that the Federal Reserve will keep interest rates on hold at 5.25% this year, in contrast to the euro zone and Britain, where further monetary tightening is in store.

The star performer was the Canadian dollar after a report showed that 34.8k jobs were created in June, beating the consensus forecast of 17.0k. The US dollar fell to a new 30-year low at 1.0465 versus the Canadian dollar. The Bank of Canada is likely to increase its interest rates by a quarter percentage point to 4.50% on its policy meeting tomorrow.

GBP is consolidating at the top of the range, stabilising above the previous highs at 2.0134. The next significant resistance comes in at 2.0299. Overall the trend remains to the upside. Look to buy on dip around 2.0060.