GBP/USD rallied after the retest of the 1.2775 horizontal support and now is pressuring the 150% Fibonacci line (ascending dotted line). Remains to see if we’ll have a valid breakout or not, but you need to know that the perspective is bullish on the short, should reach at least the 50% Fibonacci line.
Could be attracted by the confluence between the 150% line with the 50% line. Will climb much higher if the USDX will slide further.
