WEEKLY: In the last 4 weeks, the pound has risen in excess of 600 pips, due to the announcement of another general election in the coming weeks. Last week closed as a strong candle.
DAILY: Price broke out of a range between 1.2755 and 1.2860 to the upside. Price then tested daily resistance now turned support at 1.2860,before closing as a 5 days ago. This suggests a further move to the upside.
4HR: Price tested 61.8% level on the before forming a . Price then broke the counter before retesting it, this is in conjunction with a crossover of the MA's to the upside.
This signals a bias for me.