From a technical point of view, on a daily chart, GBP/USD remains on the upside, supported by its rising 50-day moving average (in blue). The daily RSI is well directed but is approaching its overbought area. Readers may therefore consider the potential for further advance above horizontal support at 1.2670. The nearest resistance would be set at horizontal resistance at 1.3205 and a second one would be set at set at 2019 top at 1.3515 in extension.
Source: TradingView, GAIN Capital