The technical analysis team at Bank of America Merrill Lynch recommends buying a break in GBP/USD above 1.6848.
GBP/USD daily
The high so far today is 1.6839 but the pair stalled out on reports of GBP/JPY selling.
BAML puts a stop loss on the trade at 1.6770 and aims for a target of 1.7113, which is near the 5-month channel top.