On Monday, the GBP/USD was being kept up by the technical support of the 55-hour simple moving average near the 1.3150 level.
If the SMA would manage to continue to push the rate up, the pair should eventually reach the 1.3200 level, where a 50.00% Fibonacci retracement level was located…
![GBP/USD traders remain short](https://www.dukascopy.com/fxspider/image/get/imagename/2_nbo_MARKET_RESEARCH.jpg)