The GBPUSD made it below the 1.9450-54 level and moved to a intraday low of 1.9425. (Click here to see earlier post on the level).  The pair has since moved back to the 1.9450 level and the level has held so far.  Now, a break of the 1.9425 level should attract additional sellers on the confirmation of the bearish break.  Should the market move back above the 1.9450-60 level, the market will be more neutral.