The GBPUSD continues to entertain traders. This pair seems to ignore the USD trends and follow it's own path. Fun to watch, a bit harder to trade. Even though the trend is bearish, I won't sell this pair until 1.2100 is gone.
My trade plan: I have an alarm set. I'll wait for 1.2100 to fail, then wait for a pull-back to retest 1.2100, it I see a bounce back down, I'll enter (i.e. confirmation that former support is now resistance).
I'm not gonna hold my breath, but my alarm is set.