The British Pound recovered itself to trade at 1.2750 level during the morning hours on Monday.
The high volatility helped the rate to break the resistance level of the monthly pivot point to push the rate to trade towards the upper boundary of the dominant pattern line at the 1.2800 level. Most likely, the currency exchange rate will reach the dominant pattern line during the trading session on Monday.
Besides, none of the scheduled fundamental events will affect the British Pound during the day.
