• GBP/USD reached a new 30-month peak on Tuesday, driven by a weaker dollar, equity gains, and heightened risk appetite.
• The moves came ahead of prime minister Keir Starmer's speech at the Labour party conference.
• The pair hit daily high at 1.3402 and was last trading at 1.3380 at (GMT 15:23).
• Technical signals are strongly bullish as RSI is at 70, daily momentum studies 5, 9 and 10 DMAs are trending up.
• Immediate resistance is located at 1.3402( 23.6%fib), any close above will push the pair towards 1.3440( Higher BB)
• Strong support is seen at 1.3337(Daily low) and break below could take the pair towards 1.3269(50% fib).
Recommendation: Good to buy around 1.3370, with stop loss of 1.3300 and target price of 1.3460
