GBP/USD Technical Analysis: Brexit hopes keeping the Cable pinned above 1.3100

• The past twenty-four hours have seen the GBP/USD take steps higher, largely fueled by staunch hopes for a last-minute Brexit deal, but 1.3100 is proving to be something of a bear trap heading into the mid-week inflection point.
• GBP/USD Forecast: Bulls add Mid-Terms on top of Brexit hopes, 1.3250 eyed

GBP/USD M5

• This week has marked an easy gainer for the Cable, lifting from opening prices near 1.3020, and sequential higher lows and providing a nice jumping-off point for reloading buys.

GBP/USD M15

• Despite recent bullish moves, the Cable market has been decidedly one-sided, with Brexit-hopeful bidders keeping the Sterling aloft from a recent bottom of 1.2700, and GBP/USD traders should be increasingly fearful of reality crashing in once again as the Cable heads for near-term highs at the 1.3200 handle.

GBP/USD H1