 The pair is making a run back below 1.2000 for the first time since the end of November, after having retreated from 1.2400 all the way back to testing the key mark as well as the 200-day moving average blue line towards the end of last year.Right now, the dollar is seeing a strong bid in European morning trade and that is shoving GBPUSD lower as sellers look to make a play and establish the next downside leg. 