The 1.2914 remains a level to get and stay above...
The GBPUSD closed at 1.2903 yesterday. The price action has been choppy today with more activity above that closing level than below. The high extended to 1.2956 which was the highest level since October 3rd. However, the price dipped back down in the early NY trading.
The low just reached 1.29008 - just below the close from yesterday and just above the 1.2900 natural support level. The price has bounced higher and trades at around 1.2920 currently. That is also above the 1.2914 level. That level corresponds with the swing low from September 23rd. For me, if the 1.2900-14 area can hold support, I will give the benefit of the doubt to the longs.
