Cable has traded a 55.5 pip range thus far Monday; 1.2077 = intra-day high

The base of that range marks a one-month low (1.24 was last Thursday's high)

USD underpinned by hawkish shift in Fed expectations on NFP/ISM data Friday

5.00-5.25% Fed Funds rate is currently fully priced for June FEDWATCH

Powell to speak at the Economic Club of Washington on Tuesday nL1N34M0IV

1.2000 and 1.2100 are support/resistance levels outside Monday range-to-date