UK PMI's fell short of expectations and sent the pound downwards. The pound weakness could extend further this week.
The main scenario assumes a recovery move to the area of 1.2900.
An alternative scenario is a decline to 1.2800.
Buy the Cable towards 1.2900 as soon as the rate leaves the mark 1.2850 behind.
A break below 1.2830 will show room for further downside towards 1.2800.