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   “¢   The pair continued gaining strong positive traction the mid-European session on Tuesday and climbed further beyond the 1.3200 handle, hitting the highest level since mid-October.

   “¢   Hope for either a Brexit extension or that the UK PM May might rule out a no-deal Brexit outcome turned out to be one of the key factors fueling the ongoing strong positive momentum.  

   “¢   Meanwhile, a sustained move beyond the 1.3100 handle was seen as a key trigger for intraday bullish traders and behind a strong 140-pips intraday up-move to levels beyond the 1.3200 mark.

   “¢   However, slightly overstretched technical indicators on hourly charts kept a lid on any strong follow-through ahead of the UK PM Theresa May’s statement in the parliament later today.

   “¢   Any positive headlines might be enough to provide an additional boost and easily lift the pair further beyond the 1.3250-60 intermediate hurdle towards reclaiming the 1.3300 handle.

GBP/USD 1-hourly chart


       Today Last Price:  1.3199
       Today Daily change %:  0.75%
       Today Daily Open:  1.3101
       Daily SMA20:  1.2986
       Daily SMA50:  1.2877
       Daily SMA100:  1.2879
       Daily SMA200:  1.2993
       Previous Daily High:  1.3115
       Previous Daily Low:  1.3051
       Previous Weekly High:  1.3109
       Previous Weekly Low:  1.2891
       Previous Monthly High:  1.3214
       Previous Monthly Low:  1.2438
       Daily Fibonacci 38.2%:  1.309
       Daily Fibonacci 61.8%:  1.3075
       Daily Pivot Point S1:  1.3063
       Daily Pivot Point S2:  1.3025
       Daily Pivot Point S3:  1.3
       Daily Pivot Point R1:  1.3127
       Daily Pivot Point R2:  1.3153
       Daily Pivot Point R3:  1.3191