The GBP/USD has surged above the technical resistance cluster, which was located near 1.2650. Namely, a pivot point and the 200-hour simple moving average were broken.
Moreover, the rate declined on Tuesday morning and confirmed the technical levels as support levels.
By the middle of the day a surge began, which was expected to reach the R1 pivot point at 1.2735. Although, note that the move will most likely occur gradually not in a sharp surge up.
On the other hand, note that the 1.2700 level will provide psychological resistance to the pair and slow down the surge of the rate.
