We have a rising on the , which began when news came about that the government could not legally trigger article 50 without MP's voting on it first. Since then the pound has gained against all it's counters, and specifically pulling back at minor 1.2769.
New Demand was created at 1.2520 and price is nearly pulled back into this area.
The idea is to go long at this level with a stop at 1.2421. The target will be the next which is between 1.2935 and 1.3023.
In the event that we get stopped out by price breaking through the zone, there is also another nested between 1.2340 and 1.2297. Beyond that there's support and 1.2100