Helped by EURGBP reversal
The GBPUSD has pushed back above 1.4400 level after breaking below a lower trend line and failing on that break (see chart below).
The pair had been trending lower in trading today (see 5-minute chart below). The last leg lower in the NY session, took the price to a low of 1.4351 – just above the June 2010 low at 1.4345 (the next target).