The GBP/USD pair built on the previous day's strong intraday positive move and gained some follow-through traction for the second consecutive session on Tuesday. The pair maintained its bid tone through the early North American session and was last seen trading near one-month tops, just above mid-1.2500s.
The overnight upsurge assisted the pair to break through an important resistance near the 1.2450 region.
Technical indicators on the daily chart have again started gaining positive traction and support prospects for an extension of the bullish trajectory. Hence, a move back towards reclaiming the 1.2600 round-figure mark, en-route the very important 200-day SMA near the 1.2645-50 zone, now looks a distinct possibility