GBPUSD

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GBPUSD: I was bearish GBPUSD for the past week but it clearly seems bulls are in control. Cable has not yet secured a break above the June high at 1.2809--key resistance in my view. I think the 1.2810 area is vulnerable. Short term gains above 1.2750--minor intraday resistance--would be a heads up signal that a more serious test of the low 1.28s is developing. I am leaning bullish for now but conviction is weak while 1.2810s. If we could get past this price ill add on to my bullish position..

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