Election speculation is a key factor of the positive bias around the pound. Besides, the US currency weakness provides the Cable with extra power to climb further.
The main scenario is a strengthening towards 1.3250.
An alternative scenario assumes a slide to 1.3050.
A break above 1.3150 can lead to a move up to the 1.3250 price.
A breakout of 1.3130 would aim traders for 1.3050.