GBPUSD

Cable hit the highest level since 09 Feb on Monday, following strong rally in Asia that accelerated in early European session.
Break above 1.2568 (24 Feb lower top) marked full retracement of 1.2568/1.2107 bear-leg and signals further upside. There is no significant barriers en-route towards next target at 1.2700 zone (02 Feb high / falling 200SMA) that could be retested in the coming sessions.
Meantime, overbought slow stochastic may drive the pair into consolidation before bulls resume and clearly break 1.2568/80 barriers.
Higher base at 1.2460 zone offers solid support, guarding pivots at 1.2414 (broken 100SMA / daily cloud top).
Res: 1.2580; 1.2600; 1.2650; 1.2700
Sup: 1.2529; 1.2500; 1.2460; 1.2414