GBP/USD Technical Analysis: Reclaiming the 1.3000 handle, but key Fibo levels remain

• The GBP/USD remains pinned to the 1.3000 handle after Thursday's 250-someodd pip rise on refreshed Brexit hopes, and the pair remains pushed into near-term highs.

GBP/USD M5

Hourly candles show the Cable has blown right past the 200-hour moving average at 1.2860, and the 50-hour moving average has inverted the pair's near-term bias, setting in a potential floor at the 1.2900 handle.

GBP/USD H1

• The past three weeks have seen the Cable steeply off of early October's highs, and yesterday's trendline break sees the GBP/USD making a clean challenge of the 61.8% Fibo level neat 1.3030, and buyers could see challenges heading into Friday's action.

GBP/USD H4

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