Early days but Sterling looks to have made a base at 1.200 v US$

Sterling has built a base at 1.20 v US Dollar. It's up against resistance from long term trend line shown on the chart, and therefore vulnerable to selling pressure in the near term.
But one day soon it's likely to wriggle free from that upper parallel shown on the chart, giving the second signal that the trend is changing back to positive for Sterling, as per rest of comment