GBP/USD touches a high of 1.3310 on the day

The pair is looking to hold a break above the 1.3300 figure level now, with resistance seen at the 61.8 retracement level @ 1.3315 next. The break of key near-term levels highlighted earlier continues to lend momentum to buyers to push the pair higher.

As the pair now trades above both the 100 and 200-hour moving averages, the near-term sentiment has shifted to side with the buyers and with the dollar also looking weak across the board it's hard to see a major reversal at the moment - unless something drastically changes.

It's ironic that this weekend will mark exactly two years since the Brexit vote, and on that day cable fell to a low of 1.3229 and the lows today were at 1.3238 (9 pips above that). Despite all the noise and see-saw movements in the two years, we're pretty much near where Brexit left us off with back then.