GBP/USD edges closer to the 1.30 handle- Will it give way?

The dollar is under pressure this afternoon and as just noted in the previous update, that has seen the EUR/USD reach a new 2024 high above 1.1054. In fact the Euro has now lifted above the noted 200 week moving average, at 1.1064. The high seen so far has been set at 1.1073. That move has helped the Pound rise too and now the GBP/USD is closer to that 1.30 handle. It has not managed to reach that yet, but it has come close. The high seen so far has been set at 1.2994. The high set back in July was at 1.3044, so this is not new ground for the pound today, where it is relatively speaking for the Euro versus the dollar. It is hard to say, what if any sell orders might reside at 1.30, or even stops above it. Perhaps shortly we might find out. The GBP/USD is currently trading at 1.2991