GBP/USD edging towards 1.2900 again

The rebound in the dollar versus Europe has added fresh pressure onto the GBP/USD. Since dropping back very close to that level last Friday (1.2901 the low then), the Pound has been holding resiliently above that low, but without making any real progress. The high seen since that low was set yesterday, at 1.2942. The GBP/USD closed last night at 1.2933. The high seen earlier today was set at 1.2936 and the low, just now has been set at 1.2903. Hence, that 1.2900 level is clearly under threat once more. It might depend upon what stops might lie in place below 1.2900, as whether it gives way or not. The clear risk right now is that it will. The GBP/USD is currently trading at 1.2905