UK Parliament finally agreed to have a general election on December the 12th. This news supported the pound which also gained momentum after the Fed rate cut.
The main scenario is a further extension of the positive momentum towards 1.3000.
An alternative scenario is a pull back to the 1.2860 area.
A break of 1.2940 resistance can lead to 1.3000
A bear breakout below 1.2900 will trigger fresh losses towards 1.2860.