UK elections expectations supported the Cable on Friday. Besides, the pound moved higher when the dollar lost strength amid lower yields.
The main scenario is a return to the 1.2850 region.
An alternative scenario assumes an increase to the 1.2980 level.
The pound will have a potential to reach 1.2850 after breaking through 1.2900.
A breakout through 1.2940 could spark a further rally towards 1.2980