Key level for the buyers to get to and through...
The GBPUSD is up testing the highs from last week at 1.39447. The price just touched 1.39457 and backed off, but the buyers are pushing. The new high is a 19 month high for the pair.
Earlier today the price held support against the lower trend line and stalled. Buyer started to lean against the level and force the price up.
Taking a broader look at the pair, looking at the weekly chart below, the 38.2% of the move down from the 2014 high comes in at 1.3874. That would be a target today on a break and run.
