Forex technical analysis: GBPUSD runs to new session highs again

Takes another step higher.  Above 1.3300.

The GBPUSD has taken another step higher - breaking above the 1.3300 level and racing to a new session high of 1.3323. 

 

IN the process, the price has moved above the other targets outlined earlier at the recent highs and the 61.8% of the move down from the July 15 high at the 1.33169.  

The 1.32929-1.3300 level is the 38.2%-50% of the last trend leg higher (see 5 minute chart above). If the sellers are to take even the smallest of control, they need to get back below this area.  If not the buyers remain in control in this pair.