GBP/USD's late Wed rebound put the underlying bull run back into play

We almost caught the base with our 1.1925 short profit take

The 10DMA, 1.1995, still to define the bull run on a closing basis

Key 200DMA next hurdle for the pound, currently 1.2155, a test seen

A break above the 200DMA would target a 50% Fibo, 1.2280, off 1.4233-1.0327

Daily techs turn bullish and can draw support from a strong November close

We will stand aside for now

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