GBP/USD holding above 1.28 so far this morning

Earlier today, as the EUR/GBP fell back to a fresh interim low at 0.8439, that delivered a move to a new rebound high in the GBP/USD at 1.2819. The Pound had closed in the US on Friday at 1.2815, which was it best daily close for a while. The rather poor US jobs data on Friday was mostly responsible for that higher close though. So, far today the GBP/USD has been holding mostly above that 1.2800 handle and if the EUR/GBP continues to edge lower, the GBP/USD could continue to do that. However, the reader is once again reminded of a major technical level in place higher up. This is the 200 day moving average and remains unchanged at 1.2848 at the start of the week. The GBP/USD is currently trading at 1.2805