From a different point of view, Gbp is currently rallying within a rising wedge formation. Unless the price clearly breaks below the lower trend line, I expect further rise towards 1.4060 or even higher. On the way upwards, the key lines to look for include 1.3800, 1.4325, and lastly 1.4590, if these lines are broken, then a spike towards 1.5640 is expected. As it is on the weekly chart above, I expect a decline towards the lower trend line to rebuy Gbp, should the price break below the lower trend line, then a drop towards 1.1955 is expected.
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