GBP/USD extends bullish move, 1.3200 eyed?

The offered tone behind the USD picked-up pace over the last hour, thus, providing extra legs to the ongoing bullish move in the GBP/USD pair.

GBP/USD at fresh five-day tops

Currently, GBP/USD now rises 1.41% to 1.3175, retreating slightly from fresh session highs posted at 1.3188 some minutes ago. The cable continued to push higher and remains poised to test 1.32 handle, as BOE Governor Carney failed to provide any hint on the rate cut prospects, during his testimony before the Treasury Select Committee (TSC).  

Moreover, renewed selling interest seen behind the greenback across the board also lent support to the latest leg higher in the major. Next of note remains a couple of Fed speaks followed by the US JOLTS job openings data, as the sentiment on Wall Street will be closely eyed.

GBP/USD Levels to consider

The pair has an immediate resistance at 1.3200 (psychological levels), above which 1.3296 (Jul 5 high) would be tested. On the flip side, support is seen at 1.3100 (round figure) below that at 1.3075 (10-DMA).