GBP opens Europe higher 1.5260

FXstreet.com (London) - The Sterling had extending its gains yesterday in the NA session, after reaching targets on a bullish correction when the pair rose to 1.5220 and held after the European close.

The pair reached a high of 1.5281 on the day in NA but tailed off in Asia, trading back down to 1.5221 to open in the European session this morning at 1.5261. The indicators offer bullish signals on the hourly chart supported by SMA 100 1.5230 and the pivot, targeting 1.5311 (SMA200). There is UK CPI at 09.30 BST to look out for.