Brexit headlines continue to buoy the Cable into recent highs, despite a lack of seeable movement on the table. Thursday could see thin action as investors brace for Friday’s UK GDP readings. The GBP/USD is continuing to hold just above the 1.3100 key technical level after seeing impressive gains recently, fueled largely by Brexit optimism and fresh Dollar-selling following US mid-term elections. The Irish border issue remains unresolved, little progress has been seen on trade negotiations and terms of the UK remaining within the EU’s customs union post-Brexit, and the skeletons of any kind of a plan have yet to be seen, but London markets are remaining hopeful that a plan for the upcoming European divorce will see a satisfying resolution in time for the final Brexit date next March. Â Little data of note is slated for the economic calendar for Thursday, but GBP traders will be gearing up for the UK’s GDP reading, due on Friday, and Brexit headlines continuing to leak out of the UK are suggesting that both sides of talks are “hoping” to find some kind of breakthrough by this Friday. GBP/USD levels to watch The Cable managed to peak at a high of 1.3175 yesterday, and according to FXStreet’s own Valeria Bednarik, continued upside sees significant technical headwinds: “the pair retreated from the mentioned high but holds well above the 1.3100 figure, maintaining a positive technical stance. In the 4 hours chart, the pair settled well above a bullish 20 SMA, which extended its advance beyond the 200 EMA, this last some 150 pips below the current level. Technical indicators have corrected from extreme readings, but lost downward strength, now consolidating in overbought territory. The pair has multiple intraday highs and lows in the 1.3190 price zone, with a break above it opening the doors for a retest of the October high at 1.3257.” Support levels: 1.3040 1.3000 1.2970 Â Â Resistance levels: Â 1.3105 1.3150 1.3185 FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Ethereum price analysis: ETH/USD reverse gains, but not all is lost for Ether bulls FX Street 4 years Brexit headlines continue to buoy the Cable into recent highs, despite a lack of seeable movement on the table. Thursday could see thin action as investors brace for Friday's UK GDP readings. The GBP/USD is continuing to hold just above the 1.3100 key technical level after seeing impressive gains recently, fueled largely by Brexit optimism and fresh Dollar-selling following US mid-term elections. The Irish border issue remains unresolved, little progress has been seen on trade negotiations and terms of the UK remaining within the EU's customs union post-Brexit, and the skeletons of any kind of a plan have yet to… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.