The Relative Strength Index on the four-hour chart has fallen below 70 thus outside the overbought level, a positive sign for GBP USD. Upward momentum is still very strong and the currency pair holds above 50, 100, and 200 Simple Moving Average (MA) testing the Resistance awaiting 1.3265 the price of last week's high and the next for a new peak at 1.3181. Further above, 1.3275 dates back to March. Next in the price of 1.3380 the highest peak and for Support to wait at 1.3100, which is the lowest point on Friday.