For nice high TP:SL or risk reward ratios, I have placed a sell order at 1.29675, with Stop Loss at 1.30075 and Take Profit at 1.24675. This give a reward ratio around 12:1. I am also looking for fundamentals to be on the GBP, such as retail sales tomorrow. Watch you Stop loss levels and potential to move Stop loss to entry price if the price falls more than the stop loss amount in pips.
Adjust Stop loss and / or Take profit levels depending on your money management and trading techniques.
There are opportunities for another two short placements if these entry levels are breached, price moves upwards further and / or the stop is taken again. These prices to potentially short are 1.2995 and 1.305 (to be confirmed on Price action etc)