GBP/USD holding gains above 1.27 so far this morning

Yesterday the weak US data helped the GBP/USD to recover from an earlier session low at 1.2630. Earlier the Pound had fallen back on its own weaker data, but it was the poor US ISM data that helped to cement a rebound in the GBP/USD and lift it back above 1.2700. The Pound topped out at 1.2721 on the European close and later ended the US session at 1.2701. Today it has traded a range, so far covered by 1.2693 to 1.2719. So, as you can see, it is yet to push above the high seen yesterday, at 1.2721. Last week the Pound had topped out at exactly 1.2750 and that remains the next level of note on the topside. Thereafter comes that 200 day moving average, which has shifted slightly and in place today at 1.2821. As noted here before, the immediate 1.2618-1.2750 range has yet to be breached over the past 3 trading days. It remains to be seen, if it will be intact by the close today. The GBP/USD is currently trading at 1.2716