GBPUSD trades at new session highs as London/European traders exit

Price moves above the November high in the process at 1.2673

The GBPUSD has continued the push higher as London/European traders exit for the day. The pair moved above the 100 and 200 hour MAs earlier in the day and trend line resistance. The next target at 1.2673 has just been broken and the pair now tests the 61.8% of the move down from last week's high at 1.2687. Above that and traders will start to look toward the highs from last week at 1.2703, 1.2743 and 1.2774. The 100 day MA is at 1.2770. The price of the GBPUSD has not traded above the 100 day MA since Brexit.