The pair remains until it closes below 1.2350. However, if the pair breaks and close above the brings 1.2661 into the picture. A break of 1.2661 confirms this pair is ready to move higher and could threaten 1.30
Since we are nearing the end of this and NFP on tap, get ready for some answers to the questions.
Full Disclosure: I am long this pair and have my stop just below 1.2350.