A move will have traders pushing toward 1.3000
The GBPUSD is higher and tests the high of the 2nd Red Box that has defined the range of for the GBPUSD pair over two extended periods. Recall yesterday, the price moved outside the upper Red Box on stops, but rebounded when better non manufacturing ISM data reversed the trend. Today the action has been up and down but are seeing more buying. Shorts may be continuing to feel the pain from the inability to go lower in this pair.