The GBPUSD buyers are trying to make a play to the upside. But the question is can they keep the momentum going? The move so far has taken the price above a swing area between 1.2435 and 1.24497 and the 100-hour moving at 1.24542. Staying above those levels would keep the buyers more in control in the short term. The low price today could not extend below the low price from yesterday giving the buyers a go-ahead to push the upside.
GBPUSD buyers try to take more control