GBPUSD tests highs for the year.

The high price in the GBPUSD last week reached 1.34234. That got within 10 pips of the 2024 high at 1.34334.

The high price for today just stretched to a new high for the year but only by pip at 1.34244. Nevertheless, the price is stretching higher and keeping the buyers more in control.

Get above 1.34334 and the GBPUSD is trading at the highest level going back to February 2022 and opens the door for further upside momentum..

At the start of the US session, the price was looking toward the corrective lows from last week near 1.33619. That level was broken earlier today and gave the buyers the go-ahead to push to the upside which they did. The level at 1.33619 is now a close support level for buyers looking for more upside momentum. Stay above is more bullish.