GBPUSD Rises To A New One-Year High

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The British pound sterling is pushing higher after conquering the 1.3300 handle last week.

Price briefly slipped lower but reversed direction to rise to a fresh one-year high.

Price action is likely to continue higher, especially with the Stochastics oscillator confirming the bullish momentum.

The upside bias will prevail as long as prices hold out above the 1.3300 handle.

In the event of a close below this level, GBPUSD might resume its sideways range within 1.3300 and 1.3122.

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