The GBP/USD has formed a swing above previous retracement highs and we could see a new bullish momentum.
Holding above 1.3060 is crucial for bulls to regain control. Price is above L3 pivot and has not tested W H3 pivot. We might expect a new retest if bullish momentum persists. The target is 1.3170. Have in mind that any negative Brexit news might impact the current bullish run. The GBP/USD is light on fundamental data today so it needs another catalyst to push forward and until it happens we might see a slower price action that is mostly range-bound.
Many green pips,
Nenad Kerkez aka Tarantula FX