GBP/USD Shuffled by Brexit headlines, but keeps gains

The GBP/USD is see higher today and marked a two and half  week high at 1.3279 during the early London session, amid the German political concerns and stronger Pound on PM May’s plans to move Brexit talks into second phase. Later on the day pair sharply retreated from the mentioned high and is currently trading at 1.3234. On the four hour time frame the price is moving above its moving averages, having bullish 20-day SMA, which to above the  100-day and 200-day SMAs, both keeping flat stance. Stochastic is showing strong bearish momentum and RSI has turned to north, but both are well above their mid-lines. The short term outlook remains neutral to bullish. Should the pair jump above 1.3260, next bulls’ target will be the key level at 1.3300.