The hourly chart completed a 5-wave rally from 1.4685 to 1.5015, it then retraced to 1.4855 before Friday nights strong rally and close above 1.5050. Buying dips is now the preferred strategy here with the 38.2% retracement at 1.4990 being my preferred entry point. Only a break now below 1.4850 will endanger the short term uptrend.