The primary drawback on bullish stances in GBP/USD at the moment isn’t the potential build of long-term support: It’s the lack of responsiveness at the highs whenever positive themes have shown of recent. When buyers made a stand a couple of weeks ago as soon as news began to circulate that Brexit negotiators had agreed upon a draft of an agreement, sellers stood at the ready to hold resistance around 1.3050. This took place again leading into last week, when sellers carved out a fairly clear case of resistance inside of the 1.2900 handle. The 1.2900 handle did get tested again in the latter-portion of last week but, again, buyers failed to sustain the move and prices dropped right back down to 1.2800.