GBP/USD off highs, back to 1.3310

The rally in Sterling remains unabated today, now lifting GBP/USD to fresh tops beyond the 1.3300 barrier.

GBP/USD in 2-week highs

The pair is posting gains since last Friday, gaining more than five cents since lows in sub-1.2800 levels recorded on July 6 and currently flirting with the 23.6% Fibonacci retracement of the post-'Brexit' down move.

The better tone in the risk-associated assets has helped GBP recover from levels last seen over three decades ago, while optimism in the UK political arena has also collaborated with the upbeat momentum after Theresa May has been appointed new PM.

GBP/USD levels to consider

As of writing the pair is gaining 0.51% at 1.3314 facing the next resistance at 1.3337 (session high Jul.13) followed by 1.3535 (high Jun.29) and finally 1.3621 (20-day sma). On the flip side, the immediate support appears at 1.2851 (low Jul.11) ahead of 1.2797 (20916 low Jul.6).