You have to read prior post...
Earlier today, I wrote my technical story for the GBPUSD. In short, the story had to do with staying below 1.2902 AND if so, getting below the 1.2860 level (go read the story here).
Well, the pair got as high as 1.2893 before wandering lower to 1.28605. We trade at 1.2974 now.
So the story line is telling me the same thing. Sellers in control if the price can stay below 1.2902. They are in more control if they can get and stay below 1.2860.
What about the buyers?
If you bought at support against the 1.2860, you are doing ok. Let's say, the game is still being played.
Below is the picture from the earlier post...
