Take a look at the 4 hour timeframe, considering this as a rising channel, l'm expecting the price to follow the rising channel and re-bounce from the lower boundary of the channel, price has rejected the price zone around 1.2490 and this shows buying pressure , price 1.2660 maybe our target profit area, the supply zone around 1.2550 has shown to be significant yesterday as the pound sold at this price range , however bulls are in the game and the price might go up.