GBP/USD Technical Analysis: Relative strength sees the Sterling bumping into new highs

•  The Cable is pushing along the high side of a rising channel as the GBP gets bolstered across broader markets by hopes for a workable Brexit solution to be potentially offered this week, driving the GBP/USD above 1.31.
• The GBP index is currently sitting just shy of 72.50, a five-month high for the Sterling against the broader G10 on a relative basis, compared to 2018's low of 69.49 in mid-August, and the index is leaning firmly towards more gains.
• With the intraday chart clattering into the top of a rising trendline, a mild pullback could be expected before bulls step in again and resume lifting. 

GBP/USD Chart, 15-Minute

GBP/USD

Overview:
    Last Price: 1.3107
    Daily change: -12 pips
    Daily change: -0.0915%
    Daily Open: 1.3119
Trends:
    Daily SMA20: 1.3088
    Daily SMA50: 1.2973
    Daily SMA100: 1.3111
    Daily SMA200: 1.3499
Levels:
    Daily High: 1.3123
    Daily Low: 1.3003
    Weekly High: 1.3123
    Weekly Low: 1.2922
    Monthly High: 1.33
    Monthly Low: 1.2897
    Daily Fibonacci 38.2%: 1.3077
    Daily Fibonacci 61.8%: 1.3049
    Daily Pivot Point S1: 1.304
    Daily Pivot Point S2: 1.2962
    Daily Pivot Point S3: 1.292
    Daily Pivot Point R1: 1.316
    Daily Pivot Point R2: 1.3202
    Daily Pivot Point R3: 1.328