GBP/USD Technical Analysis: Intraday slide finds decent support near 50-period SMA, 1.3100 mark back on sight

   •  The pair's intraday retracement found decent support near 50-day/hour SMA, with bulls now eyeing a move towards reclaiming the 1.3100 handle amid renewed Brexit optimism. 

   •  The fact that the pair has managed to find acceptance above important short-term moving averages - 50 & 100-day SMAs, support prospects for an extension of the positive momentum.

   •  However, technical indicators on the daily chart are yet to catch up with the ongoing bullish trajectory and might turn out to be the only factor keeping a lid on any follow-through.

   •  A convincing break through the mentioned handle should pave the way for further gains towards a descending trend-line, extending from highs set in June/Sept. and Oct.
 

GBP/USD daily chart