Although the British elections are around the corner (June 8th), it is worth noting that the cable has just bounced off its support at 1.2750 level and is trading now at 1.2865. the L1 & L2 level have indicated a positive reversal sign, giving additional support for the potential upside move. Target is at 1.3030, watch for a close below 1.2750.
Trade closed: stop reached