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   “¢   The pair’s intraday retracement found decent support near 50-day/hour SMA, with bulls now eyeing a move towards reclaiming the 1.3100 handle amid renewed Brexit optimism.  

   “¢   The fact that the pair has managed to find acceptance above important short-term moving averages – 50 & 100-day SMAs, support prospects for an extension of the positive momentum.

   “¢   However, technical indicators on the daily chart are yet to catch up with the ongoing bullish trajectory and might turn out to be the only factor keeping a lid on any follow-through.

   “¢   A convincing break through the mentioned handle should pave the way for further gains towards a descending trend-line, extending from highs set in June/Sept. and Oct.
 

GBP/USD daily chart

GBP/USD

Overview:
       Last Price:  1.3074
       Daily change:  34  pips
       Daily change:  0.261%
       Daily Open:  1.304
Trends:
       Daily SMA20:  1.3001
       Daily SMA50:  1.3024
       Daily SMA100:  1.304
       Daily SMA200:  1.3424
Levels:
       Daily High:  1.3056
       Daily Low:  1.2965
       Weekly High:  1.3042
       Weekly Low:  1.2696
       Monthly High:  1.326
       Monthly Low:  1.2696
       Daily Fibonacci 38.2%:  1.3
       Daily Fibonacci 61.8%:  1.3021
       Daily Pivot Point S1:  1.2984
       Daily Pivot Point S2:  1.2928
       Daily Pivot Point S3:  1.2892
       Daily Pivot Point R1:  1.3076
       Daily Pivot Point R2:  1.3112
       Daily Pivot Point R3:  1.3168