The British pound sterling opened the day on a bullish note.
Prices gapped higher at the open to trade above the 1.3300 level for the most part.
The big jump came as EU and the UK leaders pledged to walk the extra mile and iron out the differences.
The currency pair managed to rise to intraday highs of 1.3445 before giving back these gains.
At the time of writing, the GBPUSD is close to retesting the 1.3300 level of support.
The Stochastics oscillator is also near the overbought levels which could see prices correcting back lower.
The initial downside could see the open gap being filled. This would put GBPUSD back into the range within 1.3300 and 1.3122.
