Bid or ask?

I didn't consider myself a newbie, until I tried to explain a strategy to a friend and realized I couldn't answer the following question:

If you see a news story that says "Look for xyz pair to break the 1.2125 level before retreating" are they saying the bid will get there, or the ask?

Or am I splitting hairs? With some pairs at 8-10 pip spreads, it seems like it becomes somewhat significant, especially if you're waiting for an even level (say 1.2100) to break.

Anybody have the patience to pass on some basic pipology? TIA.

Bid.
A commodity is only as valuable as the highest anyone will Pay for it.
Not the Lowest anyone will sell it for. Unless of course, someone is willing to pay that price.

It's so obvious now that you said it - Thanks!

bid really? oops! I have always been looking at the current average price ... no wonder people jump into those fast spikes up/down before me!