Solid intraday gains for the GBP off the early session low are putting a positive spin on the short-term charts. 

The Pound is trading above short-term bear trend resistance at 1.2725 (off the mid-July high) which should now provide some intraday support. Solid support noted at 1.2620/1.2630 noted previously sets up a potential double bottom which would be triggered by gains through the neckline at 1.2810 (for a measured move rally to 1.3010/1.3020).